VICE-CHANCELLOR OF SLAVONIC UNIVERSITY: ARMENIAN BANKING SYSTEM FULLY RELIABLE AND HEALTHY

ARKA
Dec 19, 2008

YEREVAN, December 19. /ARKA/. Armenian banking system is fully reliable
and healthy that is a positive result of building high-efficient
banking regulation and supervision system in the 90ies, vice-chancellor
for university education development of the Russian-Armenian (Slavonic)
university Edward Sandoyan said.

"No similar country can be found in the world today, and I fully
answer for what I say," he said at "Novosti" International Press
Center during Moscow-Yerevan-Kiev-Kishinev video-bridge on social
responsibility of states under the crisis circumstances.

He pointed out that practically no unreliable or non-standard loans
exist in the assets of Armenian banks.

Paying capacity of the banking system and capital adequacy is within
30% – three times as much as the Basel standards, and no liquidity
problems exist in the banking system of Armenia, Sandoyan said.