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Armenian Prime Minister Nikol Pashinyan on Thursday visited the Central Bank to participate in the reception organized on the occasion of the upcoming New Year and Christmas.

In his remarks, Pashinyan stated that in general the banking system operates in an environment without political pressure.

"And this is also something that I think is good, it should be just like that, but on the other hand, I think it should also be recorded, because these nuances that are not noticed, are not recorded, they provide a background for the stability of macroeconomic, financial markets. And when we combine all this with the environment of high economic growth, we see that our banking system also has impressive indicators, in particular, as of November 2023, the total deposit portfolio of the banking system of Armenia registered a record-high indicator of 5 trillion 619 billion 277 million AMD. It is very important that the growth is sustainable and continuous. This indicator exceeds the October indicator of this year by almost 84 billion AMD, 1.51 percent, and exceeds the indicator of the same period of 2022 by 13.46 percent, and compared to 2018, the deposit portfolio has almost doubled, the growth is over 95 percent," the premier said.

"The total credit portfolio of our banking system has also registered a record-high indicator: as of November, 5 trillion 365 billion 604 million AMD, which is again 2.2 percent higher than the October index, 21.3 percent higher than the November index of last year, and compared to November 2018, more than 57 percent. I think it is important to record that the total deposit portfolio exceeds the total credit portfolio by 253 billion AMD, which is a very important guarantee of the stability of the banking system.

"I would like to raise one or two more facts. As of November 30 of this year, the number of customers of the banking system was 4 million 442 thousand 950 people, which increased by 19.3 percent compared to 2022, and 65.7 percent compared to 2018. As of September 30, the total number of customer accounts of the banking system was 8 million 995 thousand 422, which in is 22 percent more than 2022, and 78 percent more than 2018," he added.