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Net inflow of Armenian banks’ funds totals AMD 119.1 billion in 2011

YEREVAN, February 21. /ARKA/. Net inflow of financial resources in Armenian banks totaled about AMD 119.1 billion in 2011.

ARKA News Agency’s analysis based on banks’ quarterly reports shows that the balance of money and equalized funds grew from AMD 285.2 billion at the beginning of the fourth quarter to AMD 404.3 billion in late December.

Banks’ operational activity ensured inflow of AMD 4.4 billion and financial activity AMD 126.2 billion.

More than AMD 21 billion went from banks as a result of their investment activity.

Changes in exchange rates had favorable impact (AMD 9.6 billion) on financial means and equalized funds.

According to ARKA News Agency’s analysis, AMD 4.6 billion went from four banks, while 17 banks had inflow of 114.5 billion in 2011.

Twenty one banks with their 437 branches operate in Armenia now. ($1 – AMD 388.99). -0-

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