Abstract
The Russian-Ukrainian war has had significant impacts on both the region and Armenia, including positive effects on the banking system. On the one hand, the number of foreign visitors to the Republic of Armenia has increased, leading to a rise in cash flows and overall demand. As a result, significant changes have taken place in the banking system, mainly due to a rapid increase in demand deposits and the acceleration of growth of non-residents' investments in bank deposits. However, despite these developments , lending rates have not changed significantly, enabling the banking system to generate profits. This can mainly be attributed to an increase in non-interest income resulting from the internal and external consequences of the Russian-Ukrainian war. It can be said that the banking system is currently leveraging the consequences and limitations of the Russian-Ukrainian war, as well as the market situations resulting from it, to make a profit.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.