Friday, August 5 2011 14:07
ArmInfo determines the most universal banks of Armenia
ArmInfo. By its main financial indices, Ameriabank took the lead among the most universal banks of Armenia in Q2 2011. The Analysis of the Banking System of Armenia by the financial analysis service of the Agency of Rating Marketing Information (ArmInfo) by its own methods has demonstrated that in Q2 2011 Ameriabank improved the level of diversification of active and passive operations and occupied the 3rd position. The first and the second positions, which are by right to be occupied by the potentially most universal banks actively engaged in all directions, are still vacant.
VTB Bank (Armenia) held the 4th position, having risen from its fifth position of 2010. Three banks - ACBA-Credit Agricole Bank, HSBC Bank Armenia and Ardshininvestbank - shared the 5th position. Moreover, only one of them - Ardshininvestbank - could retain its fifth position since 2010, and ACBA- Credit Agricole Bank and HSBC Bank Armenia dropped by one position. ArmBuainessBank is the 6th. The 7th position is vacant. Unibank occupied the 8th position, having dropped from its 7th position of 2010. Converse Bank occupied the 9th position, having dropped by one position. Areximbank-Gazprombank Group (annual rise by one position) and ARARATBANK (annual rise by two positions) shared the 10th position.
INECOBANK, which retained its position since 2010 and Artsakhbank (annual fall by one position) shared the 11th place. The 12th position was held by Anelik Bank (annual fall by one position). Armeconombank (annual fall by two positions) and Mellat Bank (annual rise by three positions) shared the 13th position. The 14th position proved to be vacant. ArmSwissBank retained its 15th position. Prometey Bank held the 16th position and shared it with Byblos Bank Armenia (annual fall by one position). Armenian Development Bank occupied the 17th place and ProCredit Bank was the 18th. The 19th position was vacant, and BTA Bank occupied the 20th position (annual fall by one position).
To recall, since Q2 2009 the analysis of the banking system of Armenia has taken into account not only the commercial banks' positions by the total capital, assets, total provision of crediting, loans provided to economy, investments in government securities, liabilities, attracted funds, pre-tax profit for the period under review (in the present ranking - the profit over Jan-June 2011), but also the banks' positions by loro and nostro accounts, loans provided to individuals, call liabilities, time deposits, attracted amd placed interbank deposits and loans.
The Agency focuses on the fact that the present quantitative analysis demonstrates only the level of activeness of certain banks in all segments of banking activities and does not at all point out the quality of the banks' indices and thereby cannot be a basis for taking investment decisions.
Expert: Electricity tariff containment in Armenia is only temporary
Political Scientist: Armenia`s withdrawal from Eurasian Economic Union (EAEU) to result in its dependence on Azerbaijani and Turkish markets
Artur Avetisyan: All discussions regarding the choice of a future NPP model will remain mere talk until there is a vision for strategic development
ATI.SU: Demand for international cargo transportation 30% up in Armenia
Civil Contract nominates Armen Ktoyan for Central Bank Board Member position
Armenia, France considering prospects for expanding technological cooperation