  Only 8% of inactive credits in Armenian banking systemDecember 17, 2009 - 15:12 AMT 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."   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 sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
