CB of Armenia approved the schedule of mandatory reservation of the banks for 2010

04.12.2009 21:25
CB of Armenia approved the schedule of mandatory reservation of the banks for 2010

YEREVAN, December 4. /ARKA/. Central Bank of Armenia approved the schedule of mandatory reservation of the banks for 2010. Monetary means of commercial banks should be mandatory reserved in CB as by drams, as well as by US dollars. According to the normative of mandatory reservation, normative in the amount of 8% is defined for drams and 12% for US dollars. Today 22 banks are functioning in Armenia. Total assets of banking system of Armenia as of September 30, 2009 are 1266.4 billion drams, volume of total liabilities – 999.6 billion drams and total volume of capital for the same period – 266.8 billion drams. ($1- 385. 44 drams). G.K. --0—


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