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Yeritsyan: Armenian financial system owes its stability amid political shocks to the central bank’s hard and long-term work

17.12.2018 16:38

Yeritsyan: Armenian financial system owes its stability amid political shocks to the central bank’s hard and long-term work

YEREVAN, December 17. /ARKA/. The Armenian financial system owes its stability amid political shocks to the central bank’s hard and long-term work, Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, said Friday at Fitch Ratings annual conference in Yerevan.

“This is the result of a serious work, which maybe is not visible from the outside,” he said. “When we increased capital for the banking system [minimum capital requirement to banks], we created buffers. We were criticized and accused of intention to suffocate competition, but we were doing our job. We hobble things to shield our financial system from inside and outside shocks.”

And these efforts, he said, have produced visible results – and the central bank ensures stability to the financial sector, prices and markets.

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Nerses Yeritsyan reappointed as deputy chairman of Armenian central bank

22.12.2016 12:45

Nerses Yeritsyan reappointed as deputy chairman of Armenian central bank

Serzh Sargsyan, Armenian president, signed a decree on Wednesday extending the term of Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, in office for other six years

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