Thursday, January 26 2012 18:03
In banking system of Armenia ACBA-Credit Agricole Bank is in the lead by assets
ArmInfo. In the banking system of Armenia, ACBA-Credit Agricole Bank is in the lead by the amount of assets. According to the financial report of the Bank, as of 1 Jan 2012 the Bank's assets amounted to 218.6 bln AMD ($563.3 mln), with the y-o-y growth being 29.4%, and the growth for Q4 2011 being 5.2%.
In the structure of the Bank's assets, about 70% fall on provision of crediting, the absolute value of which grew by 47.2% over 2011. The credit portfolio of the Bank is almost equally divided into the loans to individuals and those to legal entities. Since the launch of its activities, the Bank has been specializing in lending to agriculture (about 30% of the credit portfolio). The spheres of trade, industrial sector, and the small and medium enterprises (SMEs) rank next. In the retail credit portfolio the major part of the loans falls on consumer loans (purchase of goods by installment) and mortgages.
The investments in securities dropped by 22% over 2011 due to the decline of the trade portfolio of government bonds, as a result of which their share in the assets dropped from 3.5% to 2.1%. As of 1 Jan 2012, the receivables from the banks and other financial organizations (including the corresponding accounts in the banks) amounted to 19.8 bln AMD ($51.4 mln, 1st position), with the y-o-y decline being 28%.
Over Q4 2011 the total liabilities of ACBA-Credit Agricole Bank grew by 6.5%, and over 2011 - by 34.6% to 173.3 bln AMD ($449.3 mln). In their structure, the payables to the banks and other financial organizations made up 56.2%, with the y-o-y growth of the amount being 28.3%. The share of payables to the customers (including call liabilities and time deposits) made up 42%, with the y-o-y growth of the amount being 41.1%.
In the structure of the Bank's incomes, over 83% were interest incomes (19% y-o-y growth). In the structure of non-interest incomes the share of the service fees made up over 51% (35.3% y-o-y growth). In the structure of the Bank's expenditures, about 54% were non-interest expenditures, most of them being administrative and operating expenses, which slightly grew over 2011, while the expenses on the service fees increased by 63.1%. The pre-tax profit amounted to 7.8 bln AMD (50% y-o-y growth).
In Q3 2011 the Bank took the lead by its authorized capital, having capitalized the lion's share of profit and share premium, thereby increasing this indicator to 30 bln AMD ($77.8 mln). As a result, the share of the authorized capital in the total capital of the Bank was up from 37.2% to 66.2% in 2011, and the share of the hare of the accumulated profit was down from 43% to 14%. Over 2011 ACBA-Credit Agricole Bank increased its net profit by 52.8% to 6.1 bln AMD ($15.8 mln) and occupied by this indicator the second position in the banking system of Armenia.
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