Monday, January 24 2011 10:48
ARARATBANK increases liabilities by 48,3% in 2010 thanks to growth of current liabilities
ArmInfo. ARARATBANK increased the liabilities by 48,3% in 2010, from 35.5 bln up to 52.7 bln drams thanks to growth of the current liabilities, including of those connected with the customs payments. In the structure of general liabilities of the bank the decline was fixed on the liabilities against banks and other financial organizations - by 20,2% - to 7.5 bln drams.
The assets of the bank grew by 44,6% in 2010 - up to 62.9 bln drams thanks to growth of requirements to the banks and other financial organizations, growth of credits and other placements, of cash funds and correspondent accounts in banks. In particular, the volume of requirements against the banks and other financial organizations grew more than twofold in 2010 - up to 10.3 bln drams; credits and other placements - by 57,1% up to 25.3 bln drams; cash funds and correspondent accounts in banks - by 22,7% up to 20 bln drams.
In 2010 ARARATBANK increased its total capital by 30,4% up to 10.3 bln drams thanks to replenishment of the authorized capital by almost 17% (1 bln drams) - up to 7.1 bln drams and increasing of the accumulated profit almost twofold - up to 2.7 bln drams.
According to the results of 2010, the net profit of the bank amounted to 1.3 bln drams, which is threefold more than in 2009. Incidentally, in the 4Q 2010 the net profit was provided at 311.4 mln drams against the negative indicator in the 4Q 2009.
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