ONLY 8% OF INACTIVE CREDITS IN ARMENIAN BANKING SYSTEM

/PanARMENIAN.Net/
17.12.2009 15:12 GMT+04:00

/PanARMENIAN.Net/ Armenia’s banking system was able to resist financial
crisis consequences due to its high capitalization, Head of World
Bank Yerevan Office Aristomene Varoudakis said.

"Until now, Armenian banking system has been strong enough. Despite the
crisis, banks stay capitalized, with capital equivalence comprising
28%," he said. "There are only 8% of inactive credits in Armenian
banking system, still they do not affect the system as a whole."