CB of Armenia does not rule out establishment of and mergers of operating banks

29.12.2009 21:12
CB of Armenia does not rule out establishment of and mergers of operating banks

YEREVAN, December 29, /ARKA/. Speaking Monday at an online news conference at www.armbanks.am Armenian Central Bank governor Arthur Javadian did not rule out establishment of new commercial banks and other financial-crediting organizations as well as mergers of operating ones.

He said the Central Bank did not receive any official application for opening a new bank or a merger of the existing ones. Citing rumors that several banks were negotiating such scenarios he said the Central Bank does not rule it out.

In his words, the Central Bank will support a consolidation of banks that would not hamper competition, but ‘this process should be pushed by market trends and never be imposed.’ Presently there are 22 commercial banks in Armenia. . -0-


Read the news first and discuss them in our Telegram


Tags: , , Новости Армении АМИ Новости-Армения

Related Posts
Armenia’s central bank raises refinancing rate by 0.5% to 7.75%2021-12-14 14:31:44 Armenia’s central bank raises refinancing rate by 0.5% to 7.75%
Armenian central bank chairman took part in online forum on covid-19 impact on markets2021-09-28 14:54:00 Armenian central bank chairman took part in online forum on covid-19 impact on markets
Armenian central bank explains why it raised key rate by 0.5 p.p.2021-08-18 13:58:01 Armenian central bank explains why it raised key rate by 0.5 p.p.
Armenian central bank raises key rate by 0.5 p.p. to 7%2021-08-03 16:21:46 Armenian central bank raises key rate by 0.5 p.p. to 7%
Armenia’s Central Bank expects private remittances to Armenia to grow this year by 15-17%2021-06-15 23:28:39 Armenia’s Central Bank expects private remittances to Armenia to grow this year by 15-17%
Armenian central bank raises refinancing rate to 5.5%2021-02-02 15:47:23 Armenian central bank raises refinancing rate to 5.5%
Armenian Central Bank issues commemorative coins dedicated to Cathedral of Holy Etchmiadzin2020-12-21 18:29:57 Armenian Central Bank issues commemorative coins dedicated to Cathedral of Holy Etchmiadzin
Armenian central bank head points out two aspects that should have positive effect on foreign exchange rate2020-12-16 15:17:40 Armenian central bank head points out two aspects that should have positive effect on foreign exchange rate
Armenian central bank makes interventions in forex market and intends to intervene again2020-12-16 15:13:08 Armenian central bank makes interventions in forex market and intends to intervene again

«
»