Thu, 31 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

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

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia approves EAEU agreement on allowing brokers and dealers to trade on exchanges of union countries

t a meeting on Thursday, the Armenian government approved a proposal to sign a draft agreement on granting permission to brokers and dealers of one Eurasian Economic Union member state to participate in organized trades of exchanges (trade organizers) of other EAEU member states.

LATEST NEWS

spot_imgspot_imgspot_img