“The Basle Recommendations: Approaches and Realization” “Banking Supervision: Generator or Hindrance in Development of the Banking System”
2006-07-07 14:58
15-th International Banking Congress
“The Basle Recommendations: Approaches and Realization” “Banking Supervision: Generator or Hindrance in Development of the Banking System”
7-10 June, 2006, Saint Petersburg
Speech by Tigran Sargsyan, Chairman of Central Bank of Armenia
Ladies and Gentlemen!
Let me express my thanks to the organizers of the Congress for this opportunity to take the floor and share my thoughts on some issues which the...
Statistical Bulletin of the CBA 2005
2006-05-30 13:28
Statistical Bulletin of the Central Bank of Armenia includes macroeconomic, fiscal and monetary data, as well as main indicators and prudential standards of the Armenian banking system and data on payment and settlement system. The source of data on real and external sectors is the National Statistics Service of Armenia. The source of data on fiscal, monetary and financial statistics is the Central Bank of Armenia.
The monetary and financial statistics include data on international reserves,...
Financial System of Armenia. Development, Regulation, Supervision 2005
2006-05-25 14:48
Preface
The recent trends of stable development in the macroeconomic environment, which have positively affected the developments in the banking system as well, continued in 2005. In the reporting year, financial intermediation of the banking system has risen, and the measures carried out in that direction in the last couple of years have contributed to such an advance. Those undertakings have ensured an inflow of financial resources into the banking sector, while established mechanisms of...
Financial Sector Development in Armenia: Problems and Challenges
2006-05-06 07:13
Financial Sector Development in Armenia: Problems and Challenges
Conference on “Armenia: Challenges of Sustainable Development" in honor of Professor of Armen Alchian.
Nerses Yeritsyan, Central Bank of Armenia and AIPRG May 6, 2006, UCLA
Content
Where we stand
Future Plans and challenges
Expected Outcome of Reforms
Lessons Learned
Where We Stand
General overview of the financial
structure
History of reformsAchievements
Shortcomings
Opportunities
History of...
Annual report 2005
2006-04-11 11:18
2005 Annual Financial Statements of the Central Bank of the Republic of Armenia
According to Article 17 of the Law on the Central Bank of the Republic of Armenia, the Central Bank of the Republic of Armenia (the CBA) hereby presents to the National Assembly of the Republic of Armenia the financial statements as of and for the year ended 31 December 2005, including the balance sheet, the income statement, the cash flow statement, the statement of changes in equity and the notes to the financial...
Financial System of Armenia. Development, Regulation, Supervision 2004
2005-05-30 16:19
Introduction
Developments in the banking system of Armenia in 2004 come to prove that the potential of Armenia’s banking system is high for further expansion and enlargement, given the upward adjustments of macroeconomic environment. The banking system has acted in a sound competitive environment and, through upgrading the confidence and broadening the range of services, attracted a wider circle of bank clients.
The growth of the financial intermediation level became one of the...
Statistical Bulletin of the CBA 2004
2005-05-25 10:27
Statistical Bulletin of the Central Bank of Armenia includes macroeconomic, fiscal and monetary data, as well as main indicators and prudential standards of the Armenian banking system and data on payment and settlement system. The source of data on real and external sectors is the National Statistics Service of Armenia. The source of data on fiscal, monetary and financial statistics is the Central Bank of Armenia.
The monetary and financial statistics include data on international reserves,...
The Monetary Policy Program of the Republic of Armenia 2005
2005-01-27 17:36
(2005/1) Introduction
The Monetary Policy Program of the Republic of Armenia (the Program) has been prepared in compliance with the provisions of the Armenian Law on the Central Bank of the Republic of Armenia (ALCB). It consists of the following sections:
The macroeconomic environment;
Fiscal policy;
External sector;
Inflation;
Directions and trends of the 2004 monetary policy;
Main objectives and directions of the 2005 monetary policy;
Risks in implementing the monetary policy...
Financial System of Armenia. Development, Regulation, Supervision 2003
2004-05-20 17:09
Introduction
Armenian Banking System – Development, Regulation and Supervision describes the development trends and reforms in the Armenian banking system throughout 2003. The Central Bank of the Republic of Armenia (the Central Bank) published similar papers in 1999 and 2000, which described institutionalization and development of the banking system, and the macroeconomic environment since 1994.
External financial inflows and domestic economic activity determined higher than programmed...
The Monetary Policy Program of the Republic of Armenia 2004
2004-01-22 19:21
2004 THE STRUCTURE OF THE MONETARY POLICY PROGRAM
The Monetary Policy Program 2004 of the Republic of Armenia comprises the development of the economy in the medium term. This includes retaining sustainable economic development and low inflation, further improvement of balance of payments, and enlargement of the financial sector by ensuring stability in the sector. The Program is built commensurate with the provisions of Armenian Law on Central Bank.
It presents the directions of the 2004...
The Monetary Policy Program of the Republic of Armenia 2003
2003-01-27 16:53
2003 Introduction
The Monetary Policy Program for 2003 is based on the directions of the medium-term economic developments, which include preserving achieved levels of economic growth and inflation; macroeconomic and financial stability; and continuous improvement of the balance of payments. The program is designed in accordance with the requirements of Armenian Law on “The Central Bank”. The program presents an analysis of developments in all sectors of the economy in 2002 under...