Tuesday, April 15 2014 19:40
In 2013 negative equity capital of Armenian Central Bank dropped by 65% due to growth in additional authorized capital and revaluation reserve
ArmInfo. In 2013, the negative equity capital of the Central Bank of Armenia (CBA) dropped by 65% due to 19% growth in the additional authorized capital and 3-fold growth in the revaluation reserve (with a rise from the negative level to the positive one). By the CBA's data provided to ArmInfo, the CBA's accumulated loss grew by 7.2% to 154.8 bln AMD ($382 mln) in 2013.
The source says that in the equity capital the additional authorized capital, which was increased from 85.7 bln to 107.5 bln AMD in 2011 due to the government ordinary non-interest bearing note, underwent no changes in 2012, but it was increased to 128.2 bln AMD in 2013. The main reserve and issue capital remained unchanged - 17.4 bln AMD and 100 mln AMD, respectively. The revaluation reserve of the non- sellable assets dropped from negative 1.219 bln to negative 1.182 bln AMD in 2012 and rose to positive 1.2 bln AMD in 2013. This allowed the CBA to reduce the negative level of the equity capital from 20.6 bln to 7.3 bln AMD.
To recall, due to the government ordinary non-interest bearing note, the CBA's equity capital rose from the negative level to the positive one in early 2012 and remained at the positive level till October 2012. In 2013 the total assets of the Central Bank grew by 16.7% (versus 9.1% growth in 2012) to $3.507 bln or 1.423 trillion AMD, of which 68.4% or 972.5 bln AMD ($2.4 bln) fell on foreign exchange assets, and 31.6% or 450.2 bln AMD ($1.1 bln) - on AMD assets. In 2013 the foreign exchange assets increased by 24.2% (versus 2.2% decline in 2012), while AMD assets rose by 19.6% (versus 23.5% growth in 2012). In 2013 the CBA's total liabilities were up 16.7% (versus 6.7% growth in 2012) to 1.430 trillion AMD ($3.525 bln), of which foreign exchange liabilities made up 39.5% or 565.4 bln AMD ($1.4 bln), and AMD liabilities made up 60.5% or 864.6 bln AMD ($2.1 bln). The AMD liabilities grew by 17.6% in 2013 (up 13.1% in 2012), while foreign exchange liabilities were up 27% (down 2.3% in 2012).
The growth in foreign exchange assets was due to 20% increase in loans to banks and other financial organizations and 10 time increase in sellable assets.
In the structure of the obligations, in 2013 the shares of foreign exchange and AMD deposits were almost equal, while in 2012 there twice as many AMD deposits as there were foreign exchange ones. In 2013 the former grew by 24.5% to 223.8bln AMD, while the latter tripled to 240.8bln AMD.
According to the Central Bank, in 2012 the accumulated loss made up 144.4bln AMD against 123.5bln AMD in 2011, the capital –20.6bln AMD against 298.4mln in 2011, the assets 1.160tln AMD (783.3bln AMD in foreign exchange and 376.4bln AMD in AMD) against 1.106tln AMD (801.2bln AMD in foreign exchange and 304.7bln AMD in AMD) in 2011, the obligations 1.180tln AMD (445.1bln AMD in foreign exchange and 735.2bln AMD in AMD) against 1.106tln (455.6bln AMD in foreign exchange and 650.1bln AMD in AMD).
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