Yerevan /Mediamax/. Armenian Prime Minister Tigran Sargsian believes that “the stability of the Armenian banking system may be shaken only as a result of loss of confidence, based not on real facts, but on myths, which the ill-wishers persistently spread”.

Mediamax reports that Tigran Sargsian said this in an interview to RBC on the eve of his visit to Moscow.

Answering the question on stability of the Armenian banking system, Tigran Sargsian stated that, as a result of quite harsh policy of banking control over the past 10 years, today Armenia has one of the most reliable banking systems.

“The adequacy of the banking system capital makes 27%, while the normative established level of 15%, the current liquidity is at the level of 92% against 60%, the share of qualified credits in the credit portfolio makes 3.7%”, Tigran Sargsian stated.

According to him, “hot” financial means are practically absent in the Armenian banking system, there are no problematic banks, the level of management as compared to other economy sectors is significantly higher, and he corruption is reduced to zero.

Talking about crisis prevention measures, Tigran Sargsian stated that the Armenian government is taking up steps, directed to prevention of possible secondary consequences of the global financial crisis on the country’s economy.