Thursday, May 16 2013 13:44

Over Q1 2013 total capital of Armenia's banking system up 1.2% to $986.6 mln


ArmInfo. In Q1 2013 the aggregate total capital of Armenia's banking system grew by 1.2% (up 11.7% versus Q1 2012) to 405.4 bln AMD ($986.6 mln) by 1 April 2013. The authorized capital remained at the same level - 243 bln AMD ($580.5 mln), having grown by 7.5% as compared with Q1 2012 (no changes as compared to Q4 2012). The share of foreign capital in the authorized fund was up 0.1% over Q1 2013 (up 5.1% versus Q1 2012) to 178.4 bln AMD ($426.1 mln), or 73.4% of the total amount.

The press service of the Central Bank of Armenia has told ArmInfo that as of 1 April 2013 the share of accumulated profit in the aggregate total capital was almost 28%, or 112.5 bln AMD, or $268.8 mln (up 3.6% versus Q4 2012, up 22.2% versus Q1 2012). Over Q1 2013 the main reserves grew by 0.3% (up 7% versus Q1 2012) to 20.1 bln AMD ($48 mln).

The source says that the total liabilities in the banking system totaled 2.2 trillion AMD as of 1 April 2013 (up 4.2% versus Q4 2012 and up 29.3% versus Q1 2012). The aggregate total assets amounted to 2.6 trillion AMD (3.7% growth versus Q4 2012 and 26.2% growth versus Q1 2012).

As of 1 April 2013 there were 22 banks in Armenia (including the Pan-Armenian Bank) and 476 branches (against 444 branches as of 1 April 2012 and 479 as of 1 January 2013).
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