Mon, 7 July
17.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

Armenian banks’ aggregate liabilities grow 9.04% to AMD 1237.2 billion

YEREVAN, February 10. /ARKA/. Armenian banks’ aggregate liabilities totaled AMD 1237.2 billion in late December 2010 after growing 9.04% or by AMD 102.6 billion since the beginning of the final quarter of that year and 17.12% since the beginning of the year.

ARKA News Agency’s analysis shows that ACBA-Credit Agricole Bank became the leader among Armenian banks for its AMD 128.8 billion liabilities, despite 4.33% quarter-on-quarter contraction. The bank’s liabilities made up 10.41% of the Armenian banks’ aggregate liabilities.

Ameriabank, with its AMD 120.9 billion (9.77%) came second in ARKA News Agency’s ranking.

HSBC Bank Armenia, with AMD 120.2 billion (9.72%) ranked third.

Armbusinessbank, with AMD 100 billion (8.09%), and Unibank, with AMD 99.6 billion (8.05%), follow HSBC Bank Armenia.

These five banks accounted for 46.04% of Armenian banking system’s liabilities in the 4th Q 2010.

Araratbank was singled out for its 63.12% quarter-on-quarter growth in liabilities, which reached AMD 52.7 billion by late December.

Byblos Bank Armenia enlarged its liabilities to AMD 20.1 billion by late December showing 47.12% growth.

Areximbank – Gazprombank Group built up its liabilities 25.99% to AMD 52.5 billion.

Some 21 commercial banks with 407 branches operated in Armenia in late December. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank invalidated banking license of Ardshininvestbank due to its merger with Ardshinbank

The Board of the Central Bank of Armenia has revoked the banking license of Ardshininvestbank CJSC (formerly HSBC Bank Armenia CJSC) following its merger with Ardshinbank CJSC.

Unibank’s “Haghtanak” branch serves clients from 9:30 am to 7:30 pm

Unibank branch “Haghtanak” has switched to a new operating mode - extended hours. Now clients can receive a full range of banking services from Monday to Friday - from 9:30 am to 7:30 pm.The branch is located at N94, 62 Komitas, Yerevan. 

ADB forecasts inflation in Armenia at 3% in 2025 and 2.8% in 2026

The Asian Development Bank (ADB) forecasts inflation in Armenia at 3% in 2025, said Don Lambert, Director of the Bank’s Resident Mission in Armenia.

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

LATEST NEWS

spot_imgspot_imgspot_img