Monday, January 29 2018 13:30
Karine Melikyan

INECOBANK confidently progresses to the leaders

INECOBANK confidently progresses to the leaders

ArmInfo. INECOBANK increased  net profit for the year of 2017 by 36.2% to 7.02 billion AMD ($ 14.5  million), having moved up from the 3rd to the 2nd position.

According to the Express-Ranking of Armenian Banks, prepared by IC  ArmInfo on the basis of published financial statements of the bank,  Inecobank increased assets for 2017 by 17.6%, total liabilities by  19.1%, total capital by 11%. In the structure of assets, the Bank  increased credit investments and other loans by 8.1%, investments in  securities - by 87.6%, while increasing in liabilities time deposits  and demand deposits - by 27.5% and funds raised from banks and other  financial organizations - by 65.3%.

According to the main financial indicators, INECOBANK is included in  the TOP-5 Armenian banks, with the 4th capital in terms of total  capital, in terms of assets and liabilities - the 5th, in investments  in securities - the 3rd, in terms of credit investments - the 5th.

As of January 1, 2018, the assets of INECOBANK amounted to 277.8  billion AMD ($ 573.9 million), credit investments and other loans -  173.1 billion AMD ($ 357.5 million), investments in securities - 43.7  billion AMD ($ 89.8 million), total liabilities - 229.6 billion ($  474.3 million), term deposits and demand deposits - 140.8 billion AMD  ($ 290.8 million), and funds raised from banks and other financial  organizations - 83.8 billion AMD ($ 173.1 million).

In the structure of the total capital of INECOBANK, the share of the  authorized capital is 46.2%, and the accumulated profit is 39.9%. In  2017, INECOBANK did not increase its authorized capital - 22.3  billion AMD ($ 46.1 million), while increasing the accumulated profit  by 26.6% to 19.3 billion AMD ($ 39.8 million), which formed the total  capital at the level of 48.2 billion AMD ($ 99.7 million). The  regulatory total capital of the bank as of January 1, 2018 was 39.7  billion AMD, which is 11.8% higher than the level of the previous  year. The bank's capital adequacy ratio at that date was 14.55% (with  the required 12% min), the total liquidity ratio was 31.52% (with the  required min 15%), the current liquidity ratio was 180.62% (with the  required min 60% ).

The loan portfolio of INECOBANK is diversified by branches of the  economy, but the dominant part is in the sphere of trade (3rd  position), the industrial sector (5th position) and the SME sector  (5th position). In parallel, the bank continues to actively engage in  consumer lending, holding on to the leading five.

INECOBANK has been operating in the Armenian market since October  1996. In December 2016, ProCredit Bank merged with INECOBANK, and  within this process an institutional investor in the person of EBRD  was involved in the capital. Taking into account this, the share  participation of the majority shareholders of Inecobank now looks as  follows: Baloyan Avetis - 27.4%, Safarian Karen - 23.67%, EBRD -  22.7%, member of the banking group KfW - Deutsche Investitions-und  Entwicklunsgesellschaft mbH (DEG) - 9.58%, International Finance  Corporation (IFC) - 7.1%. The branch network of the Bank has 21  subdivisions, out of which 13 are located in Yerevan and 8 - in the  regions of Armenia. 

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Government Bonds

 

ISIN AMGB1029A250
Auction ID AMGB1029A250A
Date 12.05.2017
Issue date 29.10.2015
Issue volume (AMD) 50 000 000 000
Maturity date 29.10.2025
Coupon year yield 11.00%
Auction volume (AMD) 1000 000 000 - 2.000 000 000
Auction date 12.05.2017
DLS
Total amount (AMD) 1 000 000 000
Amount of the total bids (AMD) 787 200 000
Amount of the total accepted bids (AMD) 787 200 000
Cut of yield (%) 10,6447
Weighted avrage yield (%) 10,6447
Auction max  yield (%) 10,6447
Auction min  yield (%) 10,6447
Number of participants 5
ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

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