Central Bank of Armenia: foreign equity makes 75% of armenian banking system

Banks

YEREVAN, July 2.　/ ARKA /.　The share of foreign capital in Armenia’s banking system is 75%, said deputy chairman of the CBA Vache Gabrielyan.　

“Very active, in particular, are the Russian banks. We also have the Western European and other capitals as well,” he said at the Seventh Bond Congress of CIS and Baltic countries, held in Yerevan on July 1-2.　

Gabrielyan stressed the importance of government support in establishing a good infrastructure for the development of this business.　

He also noted that the government has achievements and far-reaching plans, which will also promote the development of corporate bond market. – 0 –　

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