PRESIDENT OF CENTRAL BANK: CRISIS HAS NO IMPACT ON ARMENIA
The world financial crisis has had no impact on Armenia, said Arthur Djavadyan, the President of Central Bank of Armenia. According to him the financial system of Armenia is stable.
The President of CB said that all the banks have revised their projects and intensified the credit giving conditions.
A. Djavadyan said that another factor proving that world financial crisis has nothing to do with Armenia is that Reconstruction and Development Bank of Europe has confirmed its projects for the commercial banks of Armenia.