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Կենտրոնական բանկ

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Financial Stability
  • The Importance of Financial Stability
    • The Role of the Financial System in the Economy
    • The Importance of a Stable Financial System
    • Risks to Financial Stability
    • The Central Bank’s Role in Financial Stability
  • Understanding Macro-Prudential Policy and Its Operation
    • The Concept of Macro-Prudential Policy
    • Objectives and toolkit of Macro-prudential policy
  • Strategies for Achieving Financial Stability
    • Conducting Financial Stability Policy in Armenia
    • The macro-prudential policy tools applied in the Armenia
    • Stress Testing
  • The Process of Communicating Decisions
    • Ensuring Transparency in Financial Stability Policy
    • Financial Stability Report
    • CBA Board decisions on financial stability
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  • Sustainable Finance
    • Climate Change and Financial Risks
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    • Climate Risk Map of Armenia
  • Core functions
  • Financial Stability
  • The Process of Communicating Decisions
  • Financial Stability Report

Financial Stability Report

Financial Stability Report (FSR),  summarizes the results of financial stability analyses  key assessments of possible risks, and provide in-depth coverage of topics currently relevant to financial stability. The main purpose of FSR is to provide an assessment  of potential risks and vulnerabilities to the country's financial stability in the short or longer term. It also covers the macroprudential measures and regulatory initiatives conducted by the CBA  to ensure financial stability.

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.

Risks to financial stability may stem from both the domestic or global economy or from the financial system itself. Based on that, FSR contains the general overview of economic, financial and structural trends that can pose a threat to country’s financial system.

The CBA has been publishing FSR since 2007. Until 2021, it was published semi-annually. Starting from 2021 FSR is published annually.

Financial Stability Report (2025 annual report)

Financial Stability Report (2024 annual report)

Financial stability reports by years

 

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