The Central Bank of Armenia presents the results of review of financial
stability in its Financial Stability Report (FSR). The Central Bank has been
publishing the report annually since 2007, and also semi-annually, since 2010.
The main goal of FSR is description of potential risks to the
country’s financial stability in the short-term horizon in the
context of past and expected developments in real and financial
sectors of the economy. FSR
provides the assessment of the Central Bank on financial stability
for a certain period of time, the current risks, and the measures
aimed at preventing or absorbing these risks.
Publishing of the report allows to raise the awareness of financial
institutions, companies, businesses and the population, while
ensuring the transparency of the Central Bank’s activities.
Providing of information on sources of potential risks and financial
stability vulnerabilities, in turn, aims to guide the public in
making right decisions.
Risks affecting the financial stability of Armenia may arise in the
domestic economy of Armenia, outside the country, in an external
economic environment, and in the financial system itself. Based on
the above, FSR of the Central Bank of Armenia addresses the risks in
the following main directions:
- Risks deriving from global economic
- Risks determined by developments in Armenia’s macro-environment
- Risks deriving from developments in Armenia’s financial market
- Risks deriving from financial institutions in Armenia
- Risks deriving from financial infrastructures in Armenia
- Implementing a required macro-prudential policy to contain or
neutralize such risks.