In our rapidly changing world, especially in the region where we live, the challenges are diverse, they transform very quickly, and we are required to respond in a timely manner; Central Bank President Martin Galstyan announced at the conference “Challenges of the region, opportunities in cooperation with European banks”.
“Trust is one of our most valuable assets and we are committed to contributing to the strengthening of that trust with our policies and actions. The proof of this is the positive changes recorded in the direction of qualitative growth in the indicators in the banking system,” he said.
In terms of financial stability, the Central Bank President noted that the resilience of the system has significantly improved in recent years. “Our policy was aimed at strengthening the positive results of previous years and forming reserves for possible future risks,” he said.
According to Martin Galstyan, part of the profits of the banks, according to the decision of the Central Bank, was directed to “the creation of a capital counter-cycle buffer”.
“Now the loan portfolio is growing, which is greatly supported by the high growth of loans provided to households and the construction sector,” he said.