02 / February / 2023 : 16-38
Changes in the banking sector affecting Armenian businesses
The banking sector in Armenia has undergone significant changes in recent years, which have had a significant impact on businesses in the country. These changes include the adoption of new regulations, the consolidation of banks, and the increasing use of digital technologies.
These changes have affected Armenian businesses in several ways. For example, the adoption of new regulations has increased the transparency and stability of the banking sector, but has also increased compliance costs for businesses. The consolidation of banks has led to a reduction in the number of banking options available to businesses, which may limit competition and access to credit. On the other hand, the increasing use of digital technologies has led to the development of new banking products and services, making it easier and more convenient for businesses to access financial services.
Overall, the changes in the banking sector have created both challenges and opportunities for Armenian businesses. It is important for businesses to stay informed about these changes and to adapt their strategies accordingly, in order to take advantage of new opportunities and mitigate potential risks.
Published on 02 / February / 2023 : 16-38
Published by
Liana Aloyan
Journalist, columnist. Liana studies at the Faculty of Russian Philology of Khachatur Abovyan State University. She has been working at Yelaket (Yelaket.am) news agency since 2019 as a journalist and columnist. Writes articles about business and marketing. Liana is a member of "Media association" since 2020.
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