After the expansion of banks in Armenia, there will be no problem of monopolization, because the system is competitive and diversified. The largest 5 banks together capture only 46 percent of the system, and the rest of the banks operate mainly in specialized sectors.
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At this stage, the banking system is showing some caution in terms of lending, Ameriabank General Director Artak Hanesyan said at the press conference held today, answering the journalists' question.
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YEREVAN, FEBRUARY 17, ARMENPRESS. Today, the efficiency index of the banking system in Armenia is quite low, therefore the further development of banks will depend on the increase in efficiency. Banks with low performance will find it difficult to raise capital and face competition.
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On February 17, a press conference was held in the Yerevan Plaza Conference Hall on the topic "What was 2014 like for the RA banking system and, in particular, for Ameriabank?"
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The results of Ameriabank's reporting year show that the Bank occupies a leading position in the banking system of Armenia in terms of a number of important indicators, in particular, assets, liabilities, credit investments, liabilities to customers and profit.
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Today in NASDAQ Armenia, the placement of the 3rd issue coupon bonds (EBRDB3) denominated in AMD of the European Bank for Reconstruction and Development (EBRD) took place.
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