Sun, 20 April
11.1 C
Yerevan
USD: 390.90 RUB: 4.79 EUR: 444.61 GEL: 142.30 GBP: 519.04
spot_img

Liabilities of the banking system of Armenia in 2011 increased by 38.8% to 1 699 billion drams

YEREVAN, January 27. /ARKA/. Total liabilities of the banking system of Armenia as of December 31, 2011 was 1699 billion drams, increased by 475.2 billion drams or 38.8% compared to the same period in 2010.

According to the analysis of News Agency ARKA, AGBA-CEDIT AGRICOLE BANK became the leader by the volume of total liabilities with indicator 173.3 billion drams, increased by 34.6% in 2011. In total liabilities of the banking system of Armenia the share of bank accounts is 10.2% of their volume.

Second position by the volume of total liabilities takes Ameriabank – 166.3 billion drams (9.8% of total liabilities of the banking system), then comes Bank VTB (Armenia) – over 152 billion drams (weighted average of 8.9%), HSBC Bank Armenia – about 148.7 billion drams (weighted average of 8.8%) and Armbusinessbank – about 145.1 billion drams (weighted average of 8.5%).

About half of all liabilities of the banking system – about 46.2% is concentrated in these
leader- banks by the given indicator.

At the same time, by growth of liabilities in the reporting period in the first group of leaders are included Armenian Development Bank – change in a year by 84.37% to 28.3 billion drams, Conversebank – 76.49% to 127 billion drams and Inecobank – by 60.72% to 73.8 billion drams.

As of December 31 in Armenia 21 commercial banks are registered. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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 ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

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.

LATEST NEWS

spot_imgspot_imgspot_img