On November 7, Central Bank Governor Martin Galstyan highlighted positive developments in Armenia’s banking sector during a regional conference. Strengthening financial stability and resilience is a crucial step for economic development. This year, the CBA increased the countercyclical capital buffer to 1.75%, significantly enhancing system resilience.
Additionally, the CBA is focusing on improving social and corporate governance standards. A revised strategy, to be published soon, will incorporate environmental and social governance criteria for banks. Galstyan emphasized the importance of building trust in the banking system as a key factor in economic stability.
