Monday, August 6 2012 19:13
In Q2 2012 Armenian banks increased lending to legal entities by 10.7%, to individuals - by 5.5%
ArmInfo. Over Q2 2012 lending to legal entities was up 10.7% to 860.7 bln AMD ($2.1 bln) by 1 July 2012. The summary lending to individuals rose by 5.5% to 502.2 bln AMD ($1.2 bln). In addition, the loans provided to the related parties and bank employees grew by 55.6% to 74.5 bln AMD ($178 mln). Over Q2 2012, the share of corporate loans in the loan portfolio of the banks declined from 57% to 51.5%, and the share of personal loans - from 35% to 30%, the press service of the Central Bank of Armenia told ArmInfo.
Over Q2 2012 the banks' investments in the government securities dropped by 1.5% to 146.3 bln AMD ($350 mln) by 1 July 2012. The funds on the nostro accounts in the banks grew by 35.5% to 69.7 bln AMD ($166.8 mln). The receivables from the CB (including corresponding accounts) grew by 7.8% to 206.7 bln AMD ($494.4 mln), and the cash funds grew by 6.8% to 82.5 bln AMD ($197.4 mln).
As a result, the summary assets of the banking system of Armenia grew by 10% in Q2 2012 to $5.4 bln AMD (2.2 trillion AMD) by 1 July 2012.
The source says that the total liabilities of the banking system amounted to 1871.2 bln AMD, having grown by 11.8% over Q2 2012. The summary total capital grew by 1.9% to 369.76 bln AMD ($884.5 mln) by 1 July 2012.
As of 1 July 2012, there were 21 banks and 461 branches in Armenia (against 444 branches as of 1 April 2012).
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