Monday, August 6 2012 19:14

Total capital of Armenian banking system up 1.9% for Q2 2012


ArmInfo. Over Q2 2012 the summary total capital of the Armenian banking system grew by 1.9% to 369.8 bln AMD ($884.6 mln). The authorized capital underwent no changes in Q2 - 226.1 bln AMD, or $540.86 mln. The share of foreign capital in the authorized fund was down 0.8% to 168.38 bln AMD, or 74.5% of total.

The press service of the Central Bank of Armenia (CBA) told ArmInfo that in the summary total capital, the share of accumulated profit as of 1 July 2012 made up 26% or 96.3 bln AMD (4.6% growth in Q2 2012). The main reserves grew by 6.6% to 20 bln AMD ($47.9 mln).

The CBA says that the total liabilities of the banking system amounted to 1871.2 bln AMD as of 1 July 2012 (11.8% growth in Q2). The summary total assets amounted to 2241 bln AMD (10% growth in Q2).

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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