Thursday, May 10 2012 19:57
Personal time deposits in Armenian banks up 6.3% to $1.169 bln over Q 1 2012
ArmInfo. Over Q1 2012 the personal time deposits in Armenian banks were up 6.3% to $1.169 bln, or 456.7 bln AMD by 1 April 2012. The press service of the Central Bank of Armenia (CBA) told ArmInfo that corporate time deposits in the banks were up 13.4% to 146.3 bln AMD, or $374.5 mln. The call liabilities were down 18.6% to 305.8 bln AMD, or $782.8 mln over Q1 2012.
According to the source, the total liabilities of the banking system dropped by 2.1% to 1.674 trillion AMD, or $4.285 bln over Q1 2012. In their structure, the payables to the Government were down 2.7% to 79.7 bln AMD ($204.3 mln), other liabilities were up 35.4% to 87.0 bln AMD, the payable interests grew by 9.5% to 17.2 bln AMD. The payables to the banks and other financial organizations dropped by 5.4% to 581.3 bln AMD ($1.488 bln), of which 37.4 bln AMD being liabilities on loro-accounts (331.6% growth over Q1 2012).
The CBA says that over Q1 2012 the aggregate total capital of the banking system of Armenia was up 2% to 362.96 bln AMD ($926 mln) by 1 April 2012. The aggregate total assets amounted to 2037.1 bln AMD, having dropped by 1.4% over Q1 2012.
The source 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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