Monday, August 6 2012 19:28
Time deposits of individuals in Armenian banks up 9.9% to 1.2 bln USD in Q2 2012
ArmInfo. Over Q2 2012 the time deposits of individuals in the Armenian banks were up 9.9% to 502 bln AMD, or $1.2 bln by 1 July 2012. The press service of the Central Bank of Armenia (CBA) told ArmInfo that the time deposits of legal entities in the Armenian banks grew by 6.3% to 155.5 bln AMD, or $372.1 mln. The call liabilities of the banking system rose by 7.7% to 329.3 bln AMD, or $787.8 mln in Q2 2012.
The source says that the total liabilities of the Armenian banking system grew by 11.8% to 1.871 trillion AMD, or $4.476 bln. In their structure the payables to the Government were up 7.6% to 85.7 bln AMD ($205.1 mln) by 1 July 2012, other liabilities were up 12.6% to 98 bln AMD, the payable interest grew by 8.3% to 18.7 bln AMD. The payables to the banks and other financial organizations grew by 17.3% to 682 bln AMD ($1.6 bln), including 7.9 bln AMD liabilities on loro-accounts (79% decline in Q2 2012).
The CBA says that the summary total capital of the Armenian banking system grew by 1.9% to 369.8 bln AMD ($885 mln) in Q2 2012. 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).
Active consumer lending causes double-digit growth in bad loans 
Luys Foundation: Armenian government continues to face challenges in budget planning
Armenia`s brandy and winemaking industry in crisis - economist 
Even at embryonic stage, powerful impetus given to economic activity in energy sector - ENA acting manager 
Armenian NA OKs ENA nationalization 
China preparing to open new chapter of One Belt, One Road initiative with involvement of Armenia - diplomat 
The Merger between "Ardshinbank" CJSC and "Ardshininvestbank" CJSC Has Been Completed
Ticket packets 1.2% of total number of transport tickets in Yerevan