Publication:
Financial Sector Assessment : Armenia

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-10-01T15:58:49Z
dc.date.available2013-10-01T15:58:49Z
dc.date.issued2001-05-07
dc.description.abstractThe Armenian financial system is quite small, with the assets of the banking system (by far the largest component) accounting for only 15 percent of gross domestic product (GDP). The banking sector has not yet reached the level of consolidation and sophistication of the more advanced transition economies, and intermediation costs are high. The results of the stress tests show that the banking system is significantly exposed to a combination of credit and foreign exchange rate risks, but only moderately exposed to interest rate risks. The legal framework governing the financial sector in Armenia is reasonably sound and comprehensive, but decisions by the Central Bank of Armenia (CBA) to withdraw banking licenses and or to initiate bankruptcy proceedings against banks have been successfully appealed in the courts. The authorities have agreed that the law on joint-stock companies should be replaced as soon as possible, and supplemented by a law on limited liability companies. Many of the Basel core principles are largely complied with, but banking supervision needs to be strengthened to bring it more closely into line with international standards.en
dc.identifierhttp://documents.worldbank.org/curated/en/2001/05/17885867/armenia-financial-sector-assessment
dc.identifier.doi10.1596/15953
dc.identifier.urihttps://hdl.handle.net/10986/15953
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectADMINISTRATIVE COSTS
dc.subjectARREARS
dc.subjectASSET MANAGERS
dc.subjectAUCTION
dc.subjectAUCTION SYSTEM
dc.subjectAUCTIONS
dc.subjectAUDITING
dc.subjectAUDITORS
dc.subjectAUDITS
dc.subjectBALANCE SHEET
dc.subjectBANK BORROWING
dc.subjectBANK DEPOSITS
dc.subjectBANK FAILURES
dc.subjectBANK LENDING
dc.subjectBANK LOANS
dc.subjectBANK OFFICE
dc.subjectBANK PAYMENTS
dc.subjectBANKING LAWS
dc.subjectBANKING REGULATION
dc.subjectBANKING REGULATIONS
dc.subjectBANKING SECTOR
dc.subjectBANKING SERVICES
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBONDS
dc.subjectBORROWER
dc.subjectCAPITAL ACCOUNTS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL ADEQUACY RATIOS
dc.subjectCAPITAL BASE
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCASH FLOW
dc.subjectCENTRAL BANK
dc.subjectCENTRAL DEPOSITORY
dc.subjectCIVIL CODE
dc.subjectCIVIL SERVICE
dc.subjectCLASSIFIED LOANS
dc.subjectCLEARING HOUSE
dc.subjectCOLLECTIVE INVESTMENT
dc.subjectCOMMERCIAL BANKS
dc.subjectCONFLICT OF INTEREST
dc.subjectCONSOLIDATION
dc.subjectCONSUMER PROTECTION
dc.subjectCONVENTIONAL BANKING
dc.subjectCORRESPONDENT BANKS
dc.subjectCREDIT ARRANGEMENTS
dc.subjectCREDIT COOPERATIVES
dc.subjectCREDIT CULTURE
dc.subjectCREDIT HISTORY
dc.subjectCREDIT LINES
dc.subjectCREDIT UNIONS
dc.subjectCREDITWORTHINESS
dc.subjectCURRENCY EARNINGS
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDEBT
dc.subjectDEBTS
dc.subjectDEPOSITS
dc.subjectDIRECT FOREIGN INVESTMENT
dc.subjectDISBURSEMENTS
dc.subjectEARNING ASSETS
dc.subjectENFORCEMENT POWERS
dc.subjectEQUIPMENT
dc.subjectEQUITY SWAPS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE FLUCTUATIONS
dc.subjectEXTERNAL DEBT
dc.subjectFINANCIAL ACCOUNTING
dc.subjectFINANCIAL DATA
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL POLICIES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL STRENGTH
dc.subjectFINANCIAL SYSTEM
dc.subjectFLOATING EXCHANGE RATE
dc.subjectFORECLOSURE
dc.subjectFOREIGN BANK
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY EXPOSURE
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN EXCHANGE RISKS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS SETTLEMENT SYSTEM
dc.subjectINCOME
dc.subjectINCOME FROM GOVERNMENT SECURITIES
dc.subjectINFLATION
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE MARKET
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE RISKS
dc.subjectINTEREST RATES
dc.subjectINTERNAL AUDIT
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVENTORY
dc.subjectINVESTMENT CHOICES
dc.subjectINVESTMENTS IN GOVERNMENT SECURITIES
dc.subjectJOINT-STOCK COMPANIES
dc.subjectJUDICIAL SYSTEM
dc.subjectLEASE PAYMENTS
dc.subjectLEASED ASSETS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLENDER
dc.subjectLENDER OF LAST RESORT
dc.subjectLENDING DECISIONS
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE COMPANIES
dc.subjectLIMITED LIABILITY
dc.subjectLIMITED LIABILITY COMPANIES
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY PROBLEM
dc.subjectLIQUIDITY RISKS
dc.subjectLOAN
dc.subjectLOAN CLASSIFICATION
dc.subjectLOAN CLASSIFICATIONS
dc.subjectLOAN FINANCING
dc.subjectLOAN LOSS PROVISIONS
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN PORTFOLIO QUALITY
dc.subjectLOAN PORTFOLIOS
dc.subjectMACROECONOMIC CRISIS
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMACROECONOMIC RISKS
dc.subjectMARKET DISCIPLINE
dc.subjectMARKET ECONOMY
dc.subjectMICRO-ENTERPRISES
dc.subjectMINIMUM CAPITAL REQUIREMENT
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMONETARY POLICY
dc.subjectMONEY LAUNDERING
dc.subjectNON-PERFORMING LOANS
dc.subjectNONPAYMENT
dc.subjectOPEN JOINT-STOCK COMPANIES
dc.subjectOPEN MARKET
dc.subjectOPERATING COSTS
dc.subjectOVERDUE LOANS
dc.subjectPAYMENT HISTORY
dc.subjectPAYMENTS SYSTEM
dc.subjectPENALTIES
dc.subjectPENSION
dc.subjectPENSION SYSTEM
dc.subjectPENSIONS
dc.subjectPORTFOLIO QUALITY
dc.subjectPORTFOLIOS
dc.subjectPRICE STABILITY
dc.subjectPROFITABILITY
dc.subjectPROVISIONING RULES
dc.subjectPUBLIC FINANCES
dc.subjectRATES OF INTEREST
dc.subjectRATES OF RETURN
dc.subjectREAL ESTATE
dc.subjectREAL ESTATE COLLATERAL
dc.subjectREAL SECTOR
dc.subjectREGULATORY AUTHORITY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREMITTANCES
dc.subjectREPO
dc.subjectREPOSSESSION
dc.subjectRESOURCE MOBILIZATION
dc.subjectREVERSE REPO FACILITIES
dc.subjectRISK EXPOSURE
dc.subjectRISK OF DEFAULT
dc.subjectRISK WEIGHTED ASSETS
dc.subjectSAVINGS
dc.subjectSAVINGS BANK
dc.subjectSECURITIES INDUSTRY
dc.subjectSECURITIES LAW
dc.subjectSECURITIES MARKET
dc.subjectSETTLEMENT
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDERS
dc.subjectSHORT MATURITY
dc.subjectSHORT-TERM BORROWING
dc.subjectSMALL BANKS
dc.subjectSMALL LOANS
dc.subjectSTOCK EXCHANGE
dc.subjectSUBSIDIARIES
dc.subjectSUPERVISION OF BANKS
dc.subjectSUPERVISORY AUTHORITY
dc.subjectSUPERVISORY BOARD
dc.subjectSUPERVISORY FRAMEWORK
dc.subjectSYSTEMIC RISK
dc.subjectSYSTEMIC RISKS
dc.subjectTAX
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRADING
dc.subjectTRADING PLATFORM
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSITION ECONOMY
dc.subjectTRANSPARENCIES
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectVALUATION
dc.subjectVALUE OF COLLATERAL
dc.titleFinancial Sector Assessment : Armeniaen
dspace.entity.typePublication
okr.date.disclosure2013-06-19
okr.date.doiregistration2025-05-07T11:14:10.627723Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2001/05/17885867/armenia-financial-sector-assessment
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid824791468221982624
okr.identifier.externaldocumentum000442464_20130619110240
okr.identifier.internaldocumentum17885867
okr.identifier.report78440
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/06/19/000442464_20130619110240/Rendered/PDF/784400FSAP0SEC0Box0377345B00PUBLIC0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryArmenia
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitFinancial Sector Assessment Prog (FFSFP)
okr.volume1 of 1
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