YEREVAN, July 4. /ARKA/. Retained earnings of banks in Armenia tumbled by 18.2% to over 11.2 billion drams in January-May of this year from the analogical period a year earlier, according to the data available on the Central Bank’s official website.
Banking system’s total assets jumped 1.3% to nearly 2.2 trillion drams in May from April. Total liabilities of the banks climbed by 1.4% to about 1.8 trillion drams in May compared to a month earlier.
At the same time, total balance capital rose by over 1.2% to around 366 billion drams in Armenia.
As of May 31 of 2012 there are 21 commercial banks in Armenia. ($1 – 418.44 drams). —0–
