Fri, 4 April
13.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Central Bank total assets slash by 10.3% in 2010 to 924.6 billion drams: report

YEREVAN, May 2. / ARKA /. The Central Bank of Armenia said its total assets slashed by 10.3% or 106 billion Drams in 2010 to 924.6 billion Drams.

According to CBA’s financial report for 2010, its foreign currency assets contracted in January-December 2010 by 9.5% or 20.4 billion Drams (denominated in Armenian national currency) to 194.1 billion Drams. The CBA’s fixed assets were said to have grown by 66.9% by the end of the year, to a total of 26.3 billion Drams.

According to the report, foreign currency assets accounted for 79% of all assets of Central Bank standing at 730.5 billion Drams, by 85.6 billion Drams less from the same period of time in 2009.

At that foreign currency assets, kept until extinction date, grew by 280% or 70.5 billion Drams to 95.6 billion Drams. The report also shows that Central Bank’s liabilities fell by 5.4% to 946. 4 billion Drams and its own capital contracted by 58% to 21. 8 billion Drams ($1 – 370.27 Drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

LATEST NEWS

spot_imgspot_imgspot_img