Banking system of Armenia is capitalized enough to withstand financial crisis in Armenia, undergoing the worst stage of crisis, HSBC Bank Armenia Chief Executive Officer Tim Slater believes. In this context, he added that only Latvia's and Lithuania's economy is in a worst state than Armenian is.

At the same time , Slater noted that anti-crisis measures realized by RA government, including crediting provided by international structures, will expedite overcoming of financial crisis consequences. ''Russian economy's stabilization will also positively influence economic situation in Armenia.''