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Armenian finance minister not so happy about Armenian banks’ behavior amid crisis

23.02.2010 09:19

Armenian finance minister not so happy about Armenian banks’ behavior amid crisis

YEREVAN, February 23. /ARKA/. On Saturday, Armenian Finance Minister Tigran Davtyan, speaking at a round-table discussion held this weekend in Tsakhkadzor, Armenia, as part of Bridge-2010, seventh international economic forum, said he is not so happy about Armenian banks’ conduct in 2009.

He said that the government made every effort and used every resource to shield the financial system from blows of the global crisis, but saw no adequate reaction from banks.

Noting that it is his subjective view, the minister blamed banks for sluggishness and indifference.

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