Friday, August 9 2013 16:02
In Q2 2013 retail deposits in Armenian banks slowed down their growth rates from 7.6% to 2.6%
ArmInfo. In Q2 2013, retail deposits in Armenian banks slowed down their growth rates from 7.6% to 2.6% (against 9% growth over Q2 2012) to 823.3 bln AMD ($2 bln) by 1 July 2013. As compared with Q2 2009, this index tripled (the 22% sudden devaluation of the Armenian dram on 3 March 2009 resulted in considerable growth in AMD deposits).
According to the Financial Rating of the Banks of Armenia by the Agency of Rating Marketing Information (ArmInfo), in Q2 2013 versus Q2 2012, time retail deposits were up 30.8%, while call retail deposits were up 10.9%. As compared with Q1 2013, the growth rates of time retail deposits dropped from 9% to 2.2%, while those of the call retail deposits rose from 2.1% to 4.7%.
As of 1 July 2013, HSBC Bank Armenia demonstrated the biggest volume of retail deposits - 100.3 bln AMD ($244.6 mln), with the time deposits constituting 51.4%, and call liabilities 48.6%. VTB Bank Armenia ranks next with 87.4 bln AMD, or $213.3 mln (85% time deposits). Unibank is the third with 78.3 bln AMD, or $190.9 mln (almost 93% time deposits).
Ardshininvestbank is the fourth with 70.1 bln AMD, or $171.1 mln (almost 88% time deposits), Ameriabank is the fifth with 67.9 bln AMD, or $165.8 mln (over 83% time deposits), ArmBusinessBank is the sixth with 62.6 bln AMD, or $152.8 mln (over 91% time deposits). ACBA-Credit Agricole Bank is the seventh with 62.2 bln AMD, Converse Bank is the eighth - 41.8 bln AMD, Armenian Development Bank is the ninth with 34.1 bln AMD, and Areximbank-GPB Group is the tenth on the list of the top ten leaders with - 33.7 bln AMD.
By the share of retail deposits in the total liabilities as of 1 July 2013, Armenian Development Bank (72.7%) and Unibank (65.9%) are in the lead. Byblos Bank Armenia (59.4%), HSBC Bank Armenia (55%) and Anelik Bank (54.3%) rank next. Armenian Development Bank, VTB Bank (Armenia), and Areximbank-GPB Group demonstrated the biggest growth (43-54%) versus Q2 2012.
The top five leaders registered about 50% of retail deposits, of which over 32% was ensured by three banks - HSBC Bank Armenia (12.2%), VTB Bank (Armenia) (10.6%), and Unibank (9.5%). The lowest share of retail deposits in the banking system was in Mellat Bank and BTA Bank - 0.2-0.3%.
ArmBusinessBank is the only bank to have fixed decline in retail deposits versus Q2 2012 (by 3.1%), and quarterly decline was registered in 4 banks, with the biggest decline being ArmBusinessBank and Mellat Bank (by 10-17%). The decline in Mellat Bank was mostly due to reduction in the call deposits of non- residents individuals (by 17%), and the tiny volume of time deposits of the non-resident individuals made the bank remain at the last 21st position despite the growth versus Q2 2012. Prometey Bank remains in the lead with the biggest growth in retail deposits versus Q2 2012 (by 72%, 18th position in absolute terms) due to almost 2-fold growth in time deposits of individuals. Over Q2 2013, BTA Bank and ProCredit Bank fixed the biggest rise in retail deposits (by almost 16%) due to the quarterly rise in both call deposits and time deposits. Despite the growth versus Q1 2013, BTA Bank holds the 20th position in terms of retail deposits.
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