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Banking expected to intensify in Armenia this year

26 January 2010 [15:15] - TODAY.AZ
Time of intensified banking activity will come soon in Armenia, Ararat Ghukasyan, chairman of Armenian Union of Banks told journalists.
"Indefinite situation of 2009 has been overcame, and  we will witness these changes in 2010," he said.

According to him, the banking system of Armenia will face challenges like quality service and lending volumes in 2010.

"The level of capitalization of Armenian banks is much higher the level required by international standards," Ghukasyan said.


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