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3Q total liabilities of Armenia’s banks grow 12.83% to AMD 1,902.1 bln

YEREVAN, October 24. /ARKA/. The total liabilities of Armenian banks climbed by 12.83% to 1,902.1 billion drams as of 31 September 2012 from earlier this year.

According to the analysis compiled by ARKA agency, Ameriabank is a leader in the total liabilities with the result of 205.6 billion drams, up 23.74%. This bank’s total liabilities make up 10.8% of those of other banks.

ACBA-CREDIT AGRICOLE BANK is listed the second in the analysis with the result of 196.8 billion drams (13.86% higher). It is followed by Armbusinessbank- nearly 186.5 billion drams (up 28.98%), HSBC Bank Armenia- about 171.2 billion drams ( up 15.16%), and Ardshininvestbank – over 160.6 billion drams (up 24.62%).

As of 31 September 2012 there are 21 commercial banks in Armenia. ($1 – 405.92 drams).—0-

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