YEREVAN, August 5. /ARKA/. Armenian banks’ aggregate assets have reduced 3.9% over the second quarter of this year, compared with the same period a year earlier, and totalled AMD 1329.2 billion in late June, the Central Bank of Armenia says in its quarterly review.
Cash at banks reduced 3.6% or by AMD 2.4 billion in Apr-June 2010 to AMD 64.2 billion.
Claims toward banks and other financial organizations grew 15.6% or by AMD 11 billion to AMD 81.1 billion.
Banks’ claims to the Central Bank of Armenia (including corresponding accounts) shrank 25.3% or by AMD 46.8 billion to AMD 138 billion.
Corresponding accounts in banks reduced 41.2% or by AMD 43.8 billion to AMD 62.5 billion.
Reserves for covering possible losses on assets reduced 1.6% or by AMD 286 million to AMD 17.3 billion.
Loans extended to legal entities grew 1.2% or by AMD 5 billion to AMD 432.4 billion and those extended to individuals grew 0.1% or by AMD 0.2 billion to AMD 298.1 billion.
Loans extended to banks’ employees and persons connected with banks grew 27.9% reaching AMD 28.4 billion by late June.
Banks invested AMD 112.4 billion in government securities in the 2nd Q 2010 – 5.3% year-on-year growth.
Investments in other securities totaled 5.1 billion – 18.2% reduction. Leasing and factoring operations grew 70% to AMD 13.7 billion.
Banks’ general funds totaled 64.4 billion in late June against AMD 60.7 billion in late March.
Interests receivable totaled AMD 12.5 billion (10.4% growth) and other assets AMD 33.7 billion in late June against AMD 32.8 billion in early April.
According to ARKA News Agency, the largest asset owners in the 2nd Q 2010 were ACBA-Credit Agricole Bank (AMD 171.5 billion), HSBC Bank Armenia (AMD 126.7 billion), Ameriabank (AMD 121.4 billion), Armbusinessbank (AMD 113.3 billion) and Ardshininvestbank (AMD 111.2 billion).
Twenty one banks with their 393 branches functioned in Armenia as of June 30, 2010. ($1 = AMD 367.75).–0–
