Thursday, August 23 2012 18:27
Accumulated loss of Central Bank of Armenia down 12.7% to 111.1 bln AMD for Q2 2012
ArmInfo. By 1 July 2012 the accumulated loss of the Central Bank of Armenia totaled 111.1 bln AMD (10.6% decline for Jan-June 2012, 12.7% decline for Q2 2012). Over Q2 2012 the stockholder equity of the CBA rose from negative 3.2 bln AMD to positive 12.6 bln AMD due to the government paper. To recall, on 18 August 2011 the Government took a decision to provide the Central Bank with a paper with a nominal value of 77.513 bln AMD to cover the accumulated loss.
The CBA says that in its stockholder equity the additional authorized capital underwent no changes over Jan-June 2012 (107.5 bln AMD). The share capital of the CBA did not change either (100 mln AMD).
The source says that the total assets of the CBA drooped by 0.5% over Jan-June 2012 and totaled $2.624 bln or 1.097 trillion, of which 71% or 778 bln AMD ($1.9 bln) fell on foreign exchange assets, and 29% or 318.8 bln AMD ($762.7 mln) - on AMD assets. Over Jan-June 2012 the foreign exchange assets declined by 9%, and the AMD assets grew by 6%, and over Q2 2012 these indices were up 4.6% and 16.5% respectively.
Over Jan-June 2012 the total liabilities of the CBA dropped by 1.6% to 1.084 trillion ($2.593 bln), of which 38.6% or 418.5 bln AMD ($1 bln) fell on foreign exchange liabilities, and 61.4% or 665.9 bln AMD ($1.6 bln) - on AMD liabilities. In the first half of 2012, the AMD liabilities were up 2.9%, while foreign exchange liabilities were down 1.8%, and over Q2 2012 these indices were up 6.9% and 5.2% respectively.
In the structure of assets, the decline of the foreign exchange assets for Jan-June 2012 was mostly due to the reduction of loans provided to the banks and other financial organizations (46.4% decline). At the same time, almost the components of the AMD assets experienced growth for Jan-June 2012. The decline in foreign exchange liabilities for Jan-June 2012 was mostly due to the reduction of current accounts and deposits of the financial organizations (60.3% decline), and the AMD liabilities grew due to the slight rise in almost all components.
According to the specified final data of the CBA, in 2011 the accumulated loss totaled 124.347 bln AMD, which fixed the total capital at negative 545.958 mln AMD. As of 1 January 2012, the CBA's assets amounted to 1.102 trillion AMD, of which the foreign exchange assets totaled 801.208 bln AMD and the AMD assets totaled 300.686 bln AMD. The total liabilities of the CBA amounted to 1.102 trillion AMD, of which the foreign exchange liabilities totaled 455.554 bln AMD and AMD liabilities totaled 646.887 bln AMD.
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