YEREVAN. – The Central Bank of Armenia (CBA) released a statement Tuesday concerning the accounts about the stability of the country’s banking system.   

“The Central Bank informs that the financial stability of Armenia’s banking system is not at risk.   

“As of end of the first quarter in 2013, the normative indicator of the capital adequacy of the banking system made up 16.4 percent. 

“As of end of the first quarter in 2013, the share of the non-performing loans was 5.2 percent, which is far from being considered a risk. 

“As of the end of the first quarter, the balance of the highly liquid assets was 26.1 percent and 136.1 percent, respectively. 

“To note, the stability of the banking system [in Armenia] contributes to the fact that the loans provided to the [country’s] economy continue to grow rapidly in 2013, too,” the CBA statement reads, in particular.