BANKING EXPECTED TO INTENSIFY IN 2010 IN ARMENIA

/PanARMENIAN.Net/
25.01.2010 16:24 GMT+04:00

/PanARMENIAN.Net/ Time of intensified banking activity is approaching
in Armenia, Ararat Ghukasyan , chairman of Armenian Union of Banks told
journalists today. "Indefinite situation of 2009 has been overcame,
and in 2010 we will witness these changes," he said.

According to him the banking system of Armenia will face the following
challenges in 2010: quality service, lending volumes.

Over the past year Armenian banks have significantly increased the
amount of capital, and today the Armenian banking system does not
experience problems of capitalization. "The level of capitalization
of Armenian banks is much higher the level required by international
standards," Ararat Ghukasyan said.