Wednesday, May 12 2010 14:42
Over Q1 2010 general obligations of Armenian banking system grew by 4,8% to $2.8 bln
ArmInfo. Over Q1 2010 the general obligations of the Armenian banking system grew by 4,8% (against 12,5% growth over Q12009), and by 25% as compared with Q1 2009, having totaled 1.122 trln AMD ($2.8 bln) by 31 March 2010.
According to the Ranking of Commercial Banks of Armenia by the Agency of Rating Marketing Information (ArmInfo), in the structure of obligations, time deposits grew by 5,4% (against 23,2% growth over Q1 2009), call liabilities grew by 10,6% (against 13,8% growth over Q1 2009), banking corresponding accounts (loro-accounts) grew by 22,1%, deposits and credits from banks and other financial organizations grew by 1,1%. As compared with Q1 2009, time deposits grew by 42%, calls liabilities - by 37,2%,deposits and loans from banks and other financial organizations - by 70,3%, and the funds on loro-accounts - by 24%.
In the structure of total deposits, by 31 March 2010 time deposits made up 40,6%, call liabilities - 27,1%, deposits and loans from banks and other financial organizations - 22,6%, and loro-accounts in banks - 1,5%, the absolute value of which amounted to 455.3 bln AMD, 303.6 bln AMD, 254.2 bln AMD and 16.6 bln AMD respectively. As compared with Q4 2009, call liabilities grew by 1,2% and loro-accounts - by 0,2%, while deposits and credits from banks and other financial organizations declined by 1,1%, and time deposits - by 0,2%.
Over Q1 2010 call liabilities grew in 14 banks, and as compared with Q1 2009 they grew in 17 banks, the rest of the banks demonstrated decline in call liabilities. The biggest quarterly decline was fixed in BTA Bank - by 52% (21st position), and the biggest quarterly growth was fixed in Ameriabank – over twice (5th position in absolute terms). The biggest annual decline was registered in Areximbank-Gazprombank Group - by 28% (11th position), and the biggest annual growth was registered in Artsakhbank – over twice (12th position). The top three by the volume of call liabilities includes HSBC Bank Armenia (71.1 bln AMD), Converse Bank (29.3 bln AMD) and Ardshininvestbank (28 bln AMD).
Over Q1 2010 time deposits grew in 16 banks, and as compared with Q12009 they grew in 19 banks, the rest of the banks demonstrated decline in time deposits. The biggest quarterly decline (over Q1) was fixed in Byblos Bank Armenia - by 29,2% (17th position in absolute terms, and the biggest quarterly growth was fixed in ArmSwissBank - by 45% (14th position). The biggest annual decline was registered in Mellat Bank - by 31% (22th (last) position), and the biggest annual growth was registered in Ameriabank – over twice (2nd position). By the volume of time deposits, the top five includes Unibank - 72.7 bln AMD, Ameriabank - 51.9 bln AMD, Ardshininvestbank - 44.3 bln AMD, HSBC Bank Armenia - 40.1 bln AMD AMD and ACBA- Credit Agricole Bank - 37.7 bln AMD, the share of which makes up about 55% of summary time deposits of the Armenian banking system. In Unibank, Ardshininvestbank, HSBC Bank Armenia, and ACBA-Credit Agricole Bank most part of time deposits falls on individuals, whereas in Ameriabank most part of time deposits falls on legal entities.
By the share of call liabilities in the structure of general obligations, as of 31 March 2010 HSBC Bank Armenia was in the lead - 58,8%, and by the share of time deposits in general obligations the leading position was taken by Unibank - 79,2%.
The annual dynamics of the structure of obligations shows that to maintain crediting against the background of the crisis in 2009, the commercial banks were raising funds not only in the domestic market, but also from foreign sources, including international credit programs. Moreover, more active involvement of banks in international programs allow them to solve the problem of attracting long-term and "cheap" funds, which provide an opportunity to credit borrowers on attractive terms for them. It should be noted that since late June 2009 Armenia has been receiving funds from World Bank and the Russian stabilization loan, part of which was directed to development of small and medium business in Armenia via commercial banks, which received these funds in Armenian drams from the Central Bank and government. In addition, the considerable annual growth in AMD deposits is conditioned by the abrupt AMD devaluation by 22% on 3 March 2009.
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