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Publications

Financial Stability Report (2025 annual report) 2026-05-25 15:25

 Financial Stability Report (2025 annual...

Sustainability Report (2025) 2026-03-09 17:36

The sustainability report summarizes the current key developments in the sector within the financial system and the Central Bank. It encompasses the work undertaken by the Central Bank and its cooperation with international partners, a summary overview of sustainable products available in the private sector, and data reflecting the progress of sustainability within the banking...

Financial Stability Report (2024 annual report) 2025-06-10 17:12

In 2024, the financial system of the Republic of Armenia ensured the continuity of financial intermediation, guaranteeing the uninterrupted provision of financial services to households and businesses. Throughout the year, the loan and deposit portfolios of the banking system expanded. Lending to both households and businesses increased, with growth observed across nearly all major lending categories. High growth rates were recorded particularly in loans extended for consumption, mortgage...

Financial Stability Report (2023 annual report) 2024-04-16 11:03

EXECUTIVE SUMMARY Amid high levels of geopolitical and regional uncertainties, the financial system of Armenia maintained the normal process of financial mediation, fulfilling the demand for financial services from the population and business entities. Throughout the year, the steady growth dynamics of the banking system’s credit portfolio and deposits were sustained. Loan growth was recorded across all main lending areas. Specifically, the expansion of the banking system’s credit...

Financial Stability Report (2022 annual report) 2023-04-18 17:16

More detailed information on Armenia’s macroeconomic environment is available in the Inflation Report, Monetary Policy Program, Status Report on Implementation of the Monetary Policy Program periodical publications. Previous publications of the Financial Stability Report and Inflation Reports are available on the official website of the Central Bank of Armenia (www.cba.am).  EXECUTIVE SUMMARY   In an environment of increased uncer­tainties caused by the geopolitical...

Financial Stability Report (2021 annual report) 2022-04-05 18:50

This Financial Stability Report presents an assessment of potential risks that could threaten the stability of the Republic of Armenia's financial system as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia’s macroeconomic environment is available in the Status Report on Monetary Policy Implementation. Previous publications of the Financial Stability Report are available on the official website of the Central Bank of...

Financial Stability Report (2020 annual report) 2021-05-14 13:58

This Financial Stability Report presents an assessment of potential risks that could threaten the stability of the Republic of Armenia's financial system as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia’s macroeconomic environment is available in the Status Report on Monetary Policy Implementation. Previous publications of the Financial Stability Report are available on the official website of the Central Bank of...

Financial Stability Report (2020 1st half) 2020-10-09 10:42

This Financial Stability Report presents an assessment of potential risks that could threaten the stability of the Republic of Armenia's financial system as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia’s macroeconomic environment is available in the Status Report on Monetary Policy Implementation. Previous publications of the Financial Stability Report are available on the official website of the Central Bank of Armenia:...

Financial Stability Report (2019 annual report) 2020-05-08 12:01

This Financial Stability Report presents an assessment of potential risks that could threaten the stability of the Republic of Armenia's financial system as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia’s macroeconomic environment is available in the Status Report on Monetary Policy Implementation. Previous publications of the Financial Stability Report are available on the official website of the Central Bank of Armenia:...

Financial Stability Report (2019 1st half) 2019-10-29 10:32

This Financial Stability Report presents an assessment of potential risks that could threaten the stability of financial system of the Republic of Armenia as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia's macroeconomic environment and financial system analyses is available in the Central Bank's periodicals, such as Annual Report of the Central Bank, Status Report on Monetary Policy Implementation and Armenian Financial System:...

Financial Stability Report (2018 annual report) 2019-05-27 13:38

This Financial Stability Report presents an assessment of potential risks that could threaten the stability of financial system of the Republic of Armenia as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia’s macroeconomic environment is available in “Status Report on Monetary Policy Implementation”, as well as “Armenian Financial System: Development, Regulation, and Supervision” reports. ABSTRACT In...

Financial Stability Report (2018 1st half) 2018-10-26 15:19

This Financial Stability Report presents an assessment of potential risks that could threaten the stability of financial system of the Republic of Armenia as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia's macroeconomic environment and financial system analyses is available in the Central Bank's periodicals, such as Annual Report of the Central Bank, Status Report on Monetary Policy Implementation and Armenian Financial System:...

Financial Stability Report (2017 annual report) 2018-05-15 13:22

This Financial Stability Report presents an assessment of potential risks that could threaten the stability of financial system of the Republic of Armenia as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia's macroeconomic environment and financial system analyses is available in the Central Bank's periodicals, such as Annual Report of the Central Bank, Status Report on Monetary Policy Implementation and Armenian Financial System:...

Financial Stability Report (2017 1st half) 2017-10-13 15:05

This Financial Stability Report presents an assessment of potential risks that could threaten the stability of financial system of the Republic of Armenia as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia's macroeconomic environment and financial system analyses is available in the Central Bank's periodicals, such as Annual Report of the Central Bank, Status Report on Monetary Policy Implementation and Armenian Financial System:...

Financial Stability Report (2016 annual report) 2017-05-12 13:03

This Financial Stability Report presents an assessment of potential risks that could threaten the stability of financial system of the Republic of Armenia as well as the capacity of the financial system to absorb such risks. More detailed information on Armenia's macroeconomic environment and financial system analyses is available in the Central Bank's periodicals, such as Annual Report of the Central Bank, Status Report on Monetary Policy Implementation and Armenian Financial System:...

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