YEREVAN, February 9, /ARKA/. Total capital of Armenian banks grew 12.6 billion Drams (3.98%) in the fourth quarter of 2010 to 330.3 trillion Drams as of December 31, 2010. According to their provisional financial reports for the 4-th quarter last year, their authorized capital grew by 8% or 15.3 billion Drams from the beginning of the year to 205 billion Drams.
According to an ARKA analysis, the amount of their main reserve in their total capital was 12.2 billion Drams. The volume of accrued income grew by 9.5 billion Drams in the 4-th quarter or 11% to 95.5 billion Drams as of December 31, 2010.
In terms of total capital size the first five leading banks were ACBA Credit Agricole Bank (339.4 billion Drams), Ameriabank (32.1 billion Drams, Bank VTB Armenia (29.4 billion Drams), Ardshininvestbank (29.1 billion Drams) and
HSBC Bank Armenia (24.7 billion Drams). In terms of capital size growth the top five banks were Conversebank, which saw an 11.49% growth to 16.4 billion Drams, HSBC Bank Armenia – (7.62% to 24.7 billion Drams), Unibank (7.12% to 15.8 billion Drams), Bank Mellat – (6.45% to 8.1 billion Drams) and ArmSwissbank -(6.21% to 9 billion Drams).
By size of authorized capital the five leading banks were Ameriabank -25.5 billion Drams, (12.43% of all authorized capital of the system), ACBA Credit -Agricole Bank – (15.8 billion Drams and 7.69% respectively), Ardshininvestbank (15.5 billion Drams, 7.57%), Bank Anelik (14.3 billion Drams, 6.98%) and Bank VTB Armenia – (13.9 billion Drams and 6.78%.) There are 31 commercial banks in Armenia operating 407 branches. ($1 – 363.75 Drams ). -0-
