Friday, May 11 2012 16:08
In Q1 2012 Armenian banks increased provision of personal loans by 12%, and corporate loans - by 7%
ArmInfo. In Q1 2012 the Armenian banks' aggregate provision of personal loans grew by 12% to 476 bln AMD ($1.2 bln) by 1 April 2012. In addition, the loans provided to the related parties and bank employees dropped by 19% to 47.9 bln AMD ($122 mln). Provision of corporate loans was up 7% to 777.6 bln AMD ($2 bln). In the loan portfolio of the commercial banks the share of corporate loans was up from 52% to 57%, and the share of personal loans was up from 34% to 35%, the press service of the Central Bank of Armenia told ArmInfo.
In Q1 2012 the commercial banks' investments in government securities were down 11.4% to 148.5 bln AMD ($380 mln). The funds on the nostro-accounts in the banks were down 11.9% to 51.5 bln AMD ($131.7 mln). The receivables from the Central Bank (including the corresponding accounts) were down 29.8% to 191.7 bln AMD ($490.8 mln), and the cash funds were down 13.3% to 77.3 bln AMD ($197.9 mln).
According to the CBA, the total liabilities of the banking system as of 1 April 2012 amounted to 1674.1 bln AMD, having declined by 2.1% over Q1 2012. The aggregate total capital was up 2% to 362.96 bln AMD ($926 mln) by 1 April 2012.
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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