Wednesday, August 14 2013 13:14
Banks of Armenia slow down corporative crediting growth rates almost to the ground zero
ArmInfo. Banks of Armenia slowed down corporative crediting growth rates almost to 0,1% for the 2Q 2013 versus 10,7% growth for the 2Q 2012, and 0,5% growth for the 1Q 2013. By 1 July 2013 the crediting volume of legal persons amounted to 937.9 bln drams ($2.3 bln), growth by 9% versus 1 July 2012, and 33,3% versus 2011. As press-service of Armenian Central Bank reported, the share of the corporative credits in the credit portfolio of Armenian banks reduced from 58% to 56% for the 2Q 2013 and the share of the retail credits grew from 39% to 40%.
The retail crediting rates also slowed down. So, the aggregate crediting volume of individual persons by the Armenian banks grew by 4,4% for the 2Q 2013 versus 5,8% growth for the 1Q and 5,5% growth for the 2Q 2012, and reached 596.5 bln drams ($1.5 bln) by 1 July. The credits given to the mutually linked persons and bank employees grew by 7.7% for the 2Q 2013 against the 10%-growth for the 1Q and 55,6% growth for the 2Q 2012, and 1,5% growth by 1 July 2013 versus 1 July 2012 and almost threefold growth versus 2011, and amounted to 75.6 bln drams ($184.5 mln) by 1 July 2013.
The volume of investment of commercial banks in the government securities grew by 6.1% for the 2Q 2013 versus dropping by 2.8% for the 1Q, versus 1,5% dropping for the 2Q 2012, while it grew by 27.8% by 1July 2013 versus 1 July 2012, and by 0.2% versus 2011, and reached 186.9 bln drams ($456 mln) by 1 July 2013. The volume of sums at the nostro-accounts in the banks slowed down its growth from 50,3% to 20,2% for the 2Q versus the growth by 35,5% for the 2Q 2012, and amounted to 149.5 bln drams ($364.7 mln). The cash funds reduced by 2,9% for the 2Q 2013 versus their growth by 6,8% 2Q 2012, and versus their growth by 14,3% by 1 July 2013 as against 1 July 2012 and by 20%- versus 2011, and amounted to 94.3 bln drams ($230 mln). The commitments against Central Bank (including correspondent accounts) grew from 0,9% up to 3% for the 2Q 2013 versus 7,8% growth for the 2Q 2012Ј, 33,1% growth by 1 July 2013 versus 1 July 2012 and 19%-growth versus the indicator of 2011 and amounted to 275.2 bln drams ($671.3 mln).
As a result, the growth rates of aggregate assets of the banking system of Armenia slowed down from 3,7% to 2,8% for the 2Q 2013 and grew 18,2% versus 2Q 2012, and by 22,2% versus the indicator if 2011, and amounted to $6,4 bln (2,6 trillion drams) by 1 July 2013,
According to the data of Armenian Central Bank, as of 1 July 2013 the general liabilities of the banking system amounted to 2.2 trillion drams ($5.4 bln), slowing down the growth from 4,2% to 2,9% for 2Q versus 1Q, and by 15,8% by 1 July 2013 versus 1 July 2012, and by 35,7% versus 2011. The aggregate total capital grew by 1,9% for the 2Q 2013 and by 11,7% by 1 July 2013 versus 1 July 2012 and amounted to 413.2 bln drams ($1 bln) by 1 July 2013. According to the data of Armenian Central Bank, as of 1 July 2013, 22 banks have been functioning at the territory of Armenia (including the All-Armenian Bank) and 477 bank offices.
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