Armenian banking system will see relative stability in 2009, despite the slump we faced at the beginning of the year, former CBA chairman Bagrat Asatryan said.
As he told the news conference on Thursday, during the first two quarters of 2009, the banks were “in the red”. “Presently, despite the financial crisis, the situation with Armenian banking system became stabilized,” Asatryan said. “It will just will see a slight decrease in income next year but stability will be preserved.”
