Dram downfall won't affect Armenian banks solvencyMarch 4, 2009 - 22:20 AMT PanARMENIAN.Net - The results of the February monitoring do not question paying capacity of Armenian banks, a CB senior official said"The banking system will suffer losses but the banks will not experience solvency problems," Central Bank Vice President Vache Gabrielyan told a news conference on Wednesday. "I am not afraid to open an account in any of Armenian banks," he added. Mr. Gabrielyan also emphasized that the Central Bank applies stress-tester methodology, which bases on detailed calculations. "The system helps watch the developments and fix any changes including those caused by exchange rate fluctuations," he said Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |