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Second wave of banks’ mergers expected in Armenia - banker

22.12.2016 15:09

Second wave of banks’ mergers expected in Armenia - banker

YEREVAN, December 22. /ARKA/. The second wave of banks’ mergers is expected in Armenia, Ashot Osipayn, Araratbank executive director, told journalists on Wednesday.

In late 2014, the Central Bank of Armenia obliged commercial banks to have the capital amounting at least to AMD 30 billion (the current requirement is AMD 5 billion). The new requirement comes into force on January 1, 2017.

To comply with the regulator’s requirement, banks in Armenia started replenishing their capital.

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Categories: Banks @en, General news, News, News of the hour | Comments Off on Second wave of banks’ mergers expected in Armenia - banker

Tags: Armenia, Ashot Osipayn, banks merge

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