






#9 (217) / 2018


ANI ASRYAN
DETERMINATION OF THE STABILITY OF ARMENIAN BANKS THROUGH THE Z SCORE
Key words: Z index of sustainability of banks, commercial banks of RA, dynamics of the stability.One of the most common indicators of the stability of banks in the modern researches is the Zindex, which can be regarded as an indicator of the "distance of the bank to default." In the current paper the quarterly Z index of sustainability of all Armenian banks during 20072014 is calculated. Zindex calculations showed that in the reviewed period, almost all banks have shown roughly the same path of sustainability. In particular, in the period of 20092011, which mainly coincides with the financial crisis, there is a massive reduction in Zindex. Then a gradual group increase in the Zindex begins and lasts till mid2014. Dynamics of the Zindex during the period shows that Armenian banks have a sufficient stock of stability.
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