Monday, November 18 2019 19:53
Alina Hovhannisyan

IDBank assures: Clients will not suffer as a result of Afandyan`s  lawsuit 

IDBank assures: Clients will not suffer as a result of Afandyan`s  lawsuit 

ArmInfo.  IDBank customers  will not suffer as a result of a lawsuit initiated against the bank  by entrepreneur Gevorg Afandyan. This was announced on November 18 at  a press conference by the chairman of IDBank's Board, Mher  Abrahamyan, in response to a concern expressed by customers about the  rumors that the bank is going bankrupt.

"The bank today is developing well, has a sufficient level of  liquidity. Moreover, we have serious strategic development programs  in Armenia", Abrahamyan emphasized. In particular, he said, IDBank  plans to become an international bank and export its services to the  markets of other countries. "We intend to turn IDBank into a leading  bank not only in Armenia, but also in the region," he emphasized.

According to the Financial Rating of the Banks of Armenia prepared by  ArmInfo IC as of October 1, 2019, the total capital of IDBank  amounted to 43 billion drams ($ 90.3 million), assets exceeded 148  billion drams ($ 311 million), credit investments - 89 billion drams  ($ 187 million). About 51% of the bank's loan portfolio falls to  corporate loans, and over 45% to retail loans, with a y-o-y growth of  the latter by 47.5%.  The time deposits portfolio in IDBank amounted  to 50.4 billion drams (with a y-o-y growth of 8.3%), and individual  deposits dominate in its structure - about 41 billion drams. The  share of term deposits in the bank's total liabilities reaches almost  48%. IDBank completed 9 months of 2019 with a net profit of 2.5  billion drams ($ 5.3 million), of which nearly 977 million drams were  secured for the III quarter with a quarterly growth of 22.3%. Return  on Equity (ROE) of IDBank for the first 9 months of 2019 reached  7.8%, and the level of return on assets (ROA) was 2.5%. IDBank's  capital adequacy level as of October 1, 2019 amounted to 30.04% (with  normatively required min 12%), the level of total liquidity - 26.89%  (with normatively required min 15%), current liquidity level -  136.41% (with normatively required min 60%).  (The calculated rate of  the dram as of September 30, 2019 was 475.97 AMD / $ 1).

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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