Tuesday, December 6 2016 13:35
Alina Hovhannisyan

Client base of Armenian banks increased by 5.2% over year amid growth of accounts by 8%

Client base of Armenian banks increased by 5.2% over year amid growth of accounts by 8%

ArmInfo. The client base of Armenia's banking system by October 2016 numbered 2 375 223 physical and 79 174 legal entities.  According to the National Statistic Service of Armenia, 2 454 397 clients had 4 493 879 accounts in Armenia's banks, from which 4 310 188 are accounts of physical entities and 183 691 of legal entities.

According to the source, client base of Armenian banks increased by 5.2% or 143 895 clients in year-over-year terms. At the same time in Q3 2016 alone bank accounts grew by 1% or 23 552 clients. The accounts of clients grew by 8% y-o-y and by 1% in quarterly terms.

To note, after merger of ProCredit and BTA banks with INECOBANK and Armeconombank respectively, currently 19 banks operate on the Armenian financial market. In early October 2016 another merge was announced between Areximbank-GPB Group and Ardshinbank. Till the end of 2016 merger of Armenian Development Bank is expected, currently negotiations are being held. As a result 17 banks will remain in Armenia by 2017.


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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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