Thursday, May 10 2012 19:23

Over Q1 2012 total capital of Armenian banking system grew by 2%


ArmInfo. In Q1 2012 the aggregate total capital of the banking system of Armenia grew by 2% to 362.96 bln AMD ($926 mln) by 1 April 2012. The authorized capital remained unchanged - 226.1 bln AMD, or $596 mln. The share of foreign capital in the authorized fund did not change either - 75% of the total amount.

The press service of the Central Bank of Armenia (CBA) told ArmInfo that as of 1 April 2012, in the structure of the aggregate total capital the share of accumulated profit made up 25% or 92 bln AMD (8.2% growth over Q1 2012). The main reserves grew by 0.8% to 18.8 bln AMD ($48.3 mln).

According to the source, the total liabilities of the banking system amounted to 1674.1 bln AMD as of 1 April 2012 (2.1% decline over Q1 2012). The aggregate total assets made up 2037.1 bln AMD (1.4% decline over Q1 2012).

The CBA says that as of 1 April 2012 there were 21 commercial banks and 444 branches in Armenia (versus 442 branches as of 1 Jan 2012).
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