Tuesday, April 10 2012 20:32
In 2011 net profit of Armenia's CB totaled $1.2mln
ArmInfo. In 2011 the net profit of Armenia's Central Bank totaled 463.924mln AMD or $1.2mln against -28.6bln AMD in 2010. As a result, the accumulated loss was reduced by 0.4% to 123.504bln AMD or $320.1mln.
The additional authorized capital was increased by 21.869bln AMD to 107.532bln AMD or $278.7mln due to a 77.513bln AMD governmental bill. As a result, the own capital grew from -22.444bln AMD to 298.362mln AMD or $0.8mln. The additional authorized capital grew by 25.4%, while the revaluation reserve of sellable assets dropped by 25%.
The accumulated loss dropped by 6.7% in Q1, by 0.4% in Q2, grew by 1.4% in Q3 and by 6.3% in Q4.
The interest income grew by 24.6% to 11.9bln AMD or 33% of the total income, the non-interest one by almost 5 times to 24.1bln AMD or 67% of the total. The interest expense decreased by 39.1% to 10.1bln AMD, while the non-interest one - by 49% to 13.7bln AMD. As a result, he total income grew by 2.5 times, while the total expense dropped by 18%, the pre-tax profit totaling 563mln AMD against –28.6bln AMD in 2010.
The assets grew by 19.6% to $1.106trl AMD or $2867bln: 72.4% or 801.2bln AMD or $2.1bln were foreign exchange assets, 27.6% or 304.7bln AMD or $789.8mln - AMD ones. The former grew by 9.7%, the latter by 57%.
The obligations grew by 16.7% to 1.106trl AMD or $2.866bln: 41.2% or 455.6bln AMD or $1.2bln were foreign exchange obligations, 58.8% or 650.1bln AMD or $1.7bln - AMD ones. The former grew by 21.1%, the latter by 11.1%.
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