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Armenian And Russian Banking Systems Managed To Resist Crisis Impact

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  • Armenian And Russian Banking Systems Managed To Resist Crisis Impact

    ARMENIAN AND RUSSIAN BANKING SYSTEMS MANAGED TO RESIST CRISIS IMPACT

    PanARMENIAN.Net
    12.11.2009 18:11 GMT+04:00

    /PanARMENIAN.Net/ Notwithstanding the hard situation caused by
    financial-economic recession, Armenian and Russian banking systems
    managed to keep situation under control, Troika Dialogue company's
    board chairman Ruben Vardanyan told journalist today during the
    official presentation of Ameriabank's head office in Yerevan.

    "Despite complicated situation and increased number of unreturned
    credits. two countries maintained situation under control," he said.

    In the meantime, Vardanyan noted that "Banking industry is evidently
    livening up, and credit capacities increase. Costs are still high of
    course, but there is money in the system," he added.
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