ArmInfo. ACBA-Credit Agricole Bank, which is a traditional leader in the agro-loan market, by January 1, 2018, was entrenched in TOP-3 by total capital and the top five in terms of assets and liabilities.
According to the Express-Ranking of Armenian Banks, prepared by IC ArmInfo, the total capital of the ACBA-Credit Agricole Bank at that date was 60.2 billion drams or $ 124.4 million with the acceleration of annual growth from 5.4% to 6.4%. Moreover, in its structure, the growth acceleration was recorded on the accumulated profit - from 11.9% to 28.2%, reaching 20.4bln AMD (the 2nd position), with the statutory capital (30bn AMD) and the revaluation reserve increase by 15%, 6% - to 5.2 billion drams. The regulatory total capital of the bank for 2017 increased by 6.2% - to 54.8 billion drams. The authorized capital of the bank was increased in 2011 - by 2 times, using the lion's share of accumulated profit and share premium. The total capital of the Bank is dominated by the authorized capital - 49.8%, while the accumulated profit is 33.8%, and the remaining 16.4% are reserves.
The Bank increased its assets by 9.8% in 2017 (against 3.8% growth in 2016) to 311.02 billion drams or $ 642.5 million, in the structure of which 184.6 billion drams are concentrated in the loan portfolio (including leasing) with annual growth by 5.5%, and 67.4 billion others - in cash and correspondent accounts with the CBR (with an annual growth of 31.4%), 21.1 billion others - in the securities portfolio (with an annual decline of 20.7%).
Total liabilities of the Bank increased by 10.6% in 2017 (against 3.4% growth in 2016) - to 250.8 billion others or $ 518.1 million, due to a sharp acceleration of the annual growth of term deposits and customer demand deposits from 3.1 % to 27.6% - 172.6 billion others ($ 356.6 million), with a decline in attracted m / w loans by 20.8% (against growth of 3% in 2016) - to 69.2 billion others ($ 149 million). In August 2017, the bank began issuing its own bonds (dollar with an issue of $ 5 million, quoted from October in the main "Abond" list), from the placement of which it managed to attract almost 3 billion drams by the end of the year.
Due to the high growth rates of assets and liabilities, the Bank managed to significantly increase its net profit in 2017 - by 3 times - to 5.6 billion drams. In particular, non-interest income grew by 8.6% year-on- year, while non-interest expenses grew by 3.1%. Moreover, in their structure, commission income grew by 21.9%, while commission expenses grew by only 0.5%, growth in operating expenses by 14.3% was accompanied by a decrease in operating income by 0.5%, and administrative expenses increased by 5% 5%. In parallel, an annual increase in interest income and expenses was recorded - by 1.4% and 7.1%, respectively.
The capital adequacy ratio of the ACBA-Credit Agricole Bank as of January 1, 2018 was 19.35% (N1, with the required minimum 12%), total liquidity - 28.37% (N2/1, with the required 15% min), current liquidity - 178.65% (N2/2, with the required min of 60%). A year ago, as of January 1, 2017, the Bank's standard N1 was 19.21%, N2/1 - 29.42%, N2/2 - 219.75%.
ACBA-Credit Agricole traditionally leads the portfolio of agricultural loans - about 40% in the loan portfolio of the bank. In the total agricultural credits of the banking system, the share of ACBA-Credit Agricole Bank dominates - about 50%. But the bank is not limited to the agricultural sector, actively financing such areas as SMEs, industry and trade, while being leaders and retail lending. In terms of coverage of the branch network, the Bank occupies the fourth position, but in terms of the number of regional networks it holds the second position. The calculated exchange rate of the dram as of December 31, 2012 was 484.10 AMD/USD1.
"ACBA-Credit Agricole Bank" CJSC has been operating in Armenia since 1995. The majority of the bank's shareholders are the largest European banking group Credit Agricole S.A. with a 15.56% interest in the capital, after which SJSC "Sacam International" (member of the Credit Agricole S.A group) shares 12.44% and "ACBA Federation" CJSC - 71%.