YEREVAN. – The Central Bank of Armenia (CBA) may provide additional liquidity funds in the event of difficulties emerging in the financial system. CBA official Andranik Grigoryan stated this at Wednesday’s videoconference, presenting the 2019 report on financial stability in the country.
According to him, all the positive trends that were observed in the banking sector of Armenia in 2018 had continued in 2019 as well.
He stressed the importance of high levels of liquidity and capitalization of banks, which, as per Grigoryan, is the key to the success of financial stability.
The CBA official added that Armenia’s commercial banks have so far revised the terms of loan obligations of 540,000 individuals and 17,000 legal entities.