Tuesday, February 21 2012 19:10
Ashot Osipyan: In 2011 assets of Armenia's banking system exceeded 2trl AMD
ArmInfo. In 2011 the assets of Armenia's banking system grew by 506.6bln AMD (32.3%) to 2.074trl AMD, President of the Union of Banks of Armenia Ashot Osipyan said during a press-conference on Tuesday.
He said that the capital of the system grew by 14% (44.8bln AMD) to 375bln AMD due to 30bln AMD growth in profit.
The liabilities grew by 37.3% (461bln AMD) to 1.698trl AMD due to individual and corporate deposits.
The deposits grew by 36% (276.5bln AMD): individual deposits by 37% (150bln AMD), corporate ones by 34% (125bln AMD).
The loans grew by 34% (336.1bln AMD) to 1.337trl AMD.
The share of the loans in GDP made up 34.9%, which is good for countries like Armenia. In Russia it is 49%, in Turkey 45%. The share of the capital in GDP was 9.8%.
Osipyan said that lending to agriculture grew by 36%, to industry by 30%. Personal loans grew by 22% (20.4bln AMD), consumer loans by 27.2% (5345bln AMD), lending to economy by 44.3% (270.4bln AMD).
The number of bank branches grew by 7.4% or 32 branches. For the moment there are 463 bank branches in Armenia. "This year the branch network will continue to expand due to growing demand for banking services. The number of POS terminals grew by 39% to 4,779, that of ATMs by 25% to 846, the number of cards by 30% to 781,000," Osipyan said.
He said that ROE grew by 12.55%, ROA by 2.35%.
All 21 Armenian banks were among the 1,000 biggest tax payers, with 1,7 times more paid in taxes than in 2010.
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