El notes

Dec/09

10

President ARB: The idea to significantly increase the authorized capital of banks is unfounded

“To prevent the banks, which in 10-15 years successfully working and have an established clientele?” – asks the President of BDA. “Especially in a country where there is a shortage of banking services. Increased capital requirements worsen the service population in some regions, which now are sometimes only small banks, and branches of large, because of its economic inefficiency, no,” – said the head of BDA.

However, according to GA Tosunyan, move toward the consolidation of banks is necessary.

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