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Moody’s points out risks for banks in Armenia amid developments in Nagorno Karabakh

09.10.2020 16:07

Moody’s points out risks for banks in Armenia amid developments in Nagorno Karabakh

YEREVAN, October 9. /ARKA/. The development of the conflict in Nagorno-Karabakh could lead to devastating consequences for the banking sectors of Armenia and Azerbaijan, according to the review of the rating agency Moody's, published by RBC.

Analysts say the increased tension in the region will reduce economic activity and consumer confidence in both Armenia and Azerbaijan, which will impede the recovery of both countries from the consequences of the coronavirus pandemic.

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Categories: 121, anticrisis.am @en @en, Banks @en, General news, News, News of the hour | Comments Off on Moody’s points out risks for banks in Armenia amid developments in Nagorno Karabakh

Tags: Armenia, Banks, developments, Moody's, Nagorno-Karabakh

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