HAYKAKAN ZHAMANAK: ARMENIA’S BANKING SYSTEM IN DEBTS
10:35 10/03/2015 ” DAILY PRESS
Armenia’s banking system is getting deeply into debts at quick paces.
Recently the number of loans from foreign banks and financial
institutions has increased sharply, Haykakan Zhamanak writes.
Citing the Central Bank data, the newspaper notes that in the fourth
quarter of 2014 the debts of Armenian banks to foreign financial
institutions increased by about $255 million to $1 billion 412 million.
The newspaper points to the fact that over the past two years the
Armenian banks’ foreign debts fluctuated between $1-1.2 billion,
and increased sharply at the end of last year when the Armenian dram
depreciated significantly.
Source: Panorama.am
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