Friday, December 2 2011 19:41
Central Bank of Armenia increases its capital from -12.9bln AMD to 7.2bln AMD due to a governmental bill
ArmInfo. The Central Bank of Armenia has increased its total capital from -12.9bln AMD to 7.2bln AMD due to a 77.513bln AMD non-interest governmental bill.
In Q3 2011 the additional authorized capital was increased by 21.8bln AMD, with the 123.3bln AMD loss (accumulated in 2010) reduced by 5.8% in Jan-Sept 2011. In Q1 2011 the loss shrank by 6.7%, in Q2 2011 - by 0.4%, in Q3 2011 it grew by 1.4% to 116.2bln AMD.
The saleable assets revaluation reserve grew by 14.3% to 1.6bln AMD, with the main reserve remaining unchanged at 17.4bln AMD.
In Q3 2011 the CB's assets grew by 11% to $2.789bln or 1.038trl AMD, with 75.3% or 781.8bln AMD or $2.1bln being foreign exchange assets (9.8% more than in Q2 2011). The liabilities grew by 8.8% to 1.031trl AMD or $2.770bln: 77.8% or 801.7bln AMD or $2.2bln being AMD liabilities (8% growth).
In the structure of assets, the quarterly growth of the foreign exchange assets was conditioned by the increase in all components, except the funds placed in the IMF (2% decline) and the cash funds (7.8% decline). The biggest quarterly growth in the foreign exchange assets was fixed for the loans to banks and other financial organizations (by 26.5%) and for the assets being kept till the end of redemption period (by 11%). At the same time, in the AMD assets quarterly growth was registered for all components, and the biggest growth was registered for the securities portfolio meant for sale (by 23.7%), fixed assets, soft assets, (by 8.4%), credits and reverse repos (by 5.3%).
In the structure of liabilities and foreign exchange components, quarterly decline was fixed only in liabilities before the IMF and other borrowings, while all the components in the AMD liabilities increased. In the foreign exchange liabilities, essential growth over the quarter under review was fixed in the deposits and accounts of financial organizations and in the liabilities before the Government. As regards the AMD liabilities, essential growth was fixed in convertible banknotes/ coins, deposits/, accounts of financial organizations, liabilities before the Government and the IMF.
According to the Central Bank of Armenia, the accumulated loss as of late 2010 amounted to 123.3 bln AMD, which fixed the total capital at negative 21.8 bln AMD. As of 1 Jan 2011, the assets of the CBA amounted to 924.6 bln AMD, including 730.5 bln AMD foreign exchange assets and 194.1 bln AMD national currency assets. The total liabilities amounted to 946.4 bln AMD, including 213.7 bln AMD liabilities in foreign exchange and 732.7 bln AMD in the national currency.
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