Thursday, January 31 2013 19:32
Union of Armenian Banks: Key figures of banking system of Armenia grow for 2012
ArmInfo. The key figures of the banking system of Armenia grew for 2012. President of the Union of Armenian Banks Ashot Osipyan told media on Thursday that the aggregate loans of Armenian banks for 2012 totaled 1.517.9 bln drams, which is 21% more than for the same period of 2011.
"The given indicator grew due to active lending to all sectors of economy by all banks, especially in the spheres of services and trade," he said.
He said that the share of non-performing loans in the loan portfolio of the banking system was 3.6% versus 4% in early 2012.
Osipyan said that general assets of the Armenian banks for late 2012 totaled 2.412.2 bln drams, with an 18% growth versus 2011. Total capital versus the previous year grew 10.5% to 409.5 bln drams on Jan 1 2013 due to replenishment of the statutory capital of banks and profits, he said. There was positive dynamics also in general obligations, which grew 19.7% over the year to 2.002.7 bln drams, with liabilities to customers growing 17.9% to 1.238.6 bln drams for late 2012 and deposit portfolio growing 7.4% to 1.132 trillion drams.
General profits of the banking system for 2012 totaled 42.7 bln drams with 15% growth versus 2011. ROE of banks totaled 11.2% versus 12.55% in 2011, with ROA totaling nearly 2% versus 2.36% in 2011. The given indicators suffered decline as the average interest rates on loans fell amid unchanged interests on deposits, Osipyan said.
As regards the branch network of the banking system, he said that 28 new branches were opened in 2012, with the total number of branches reaching 494 by late 2012. 43% of total branches are located in Yerevan, another 7% in NKR, and the remaining 50% in the regions. The biggest number of bank branches is in Lori region, then go Kotayk and Shirak by 36 branches.
Osipyan said that in 2012 the ratio of aggregate bank assets to GDP totaled 58.1%. "It is good that the given indicator has improved nearly twofold since 2008," he said. The ratio of loans to GDP has also been improved - 36.8%. The ratio of total deposits to GDP totaled 27.3%, with the ratio of aggregate capital to GSP totaling 9.9%.
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