  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 |  Related sections Latest news Viva-MTS: Tech solutions to modernize infrastructure of border village  The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015.Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents.“By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents.The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |
