Regulator: Armenian banks’ aggregate credit exposure grown 25% in 2012

YEREVAN, December 28. /ARKA/. Armenian banks’ aggregate credit exposure grew 25% in 2012, while those in the world economy grew only 3%, Arthur Javadyan, chairman of the Central Bank of Armenia, said today at a New Year reception.

“Even with such a fast growth, Armenia’s banking system remains stable and risk indicators are at permitted levels,” he said.

Javadyan said that Armenia’s financial system is completing this year with good general indicators.
“Armenian financial system’s assets make up 65% of GDP and its loan portfolio 40% – – six-percent year-on-year growth,” he said.

According to the central bank’s report Armenian Commercial Banks’ General Financial Indicators Forecasts for 2012 – 2014, average annual growth of Armenian banks’ aggregate credit exposure will be 25%.

Banks quarterly reports show that their aggregate outstanding loan portfolio amounted to AMD 1.5 trillion in the second quarter of this year.

The regulator says the share of commercial banks’ credit exposure in their aggregate assets will grow up to 69% by 2014 against 58% in 2011.

The ratio of commercial banks’ assets to GDP is projected to 68% in 2014 against 54% in 2011.
Banks’ assets totaled over AMD 2.2 trillion in late June.

The central bank forecasts that ROA of commercial banks’ assets will fluctuate between 2.2% and 2.8% in 2012 – 2014 (1.7% in 2011), and ROE between 2.7% and 16.6% (9.5% in 2012).
Twenty one commercial banks function in Armenia now. -0—-

spot_img

POPULAR

EDB expects Armenia’s GDP to grow by 6% in 2026 amid high economic activity

The Eurasian Development Bank (EDB) expects Armenia's GDP to increase by 6% in 2026, according to the bank's weekly macro-review.

Armenian Government Approves 2027 State Budget Draft

At its meeting on Thursday, the Armenian government approved the draft law "On the State Budget of the Republic of Armenia for 2027," which will be submitted to the National Assembly in accordance with established procedure.

Team Holding Raises Approximately $35 Million on the Armenian Capital Market via Bond Issuance

Team Holding has completed its corporate bond public offering program in Armenia, raising funds equivalent to approximately $35 million.

Unibank and Picsart Academy Host Kids Day for Children

Unibank and Picsart Academy organized a special Kids Day, combining education and entertainment in an environment where technology meets creativity and imagination.

Unibank Issues AMD and USD Bonds with Annual Coupon Rates of 10.3% and 6%

Unibank has issued bonds denominated in AMD and USD, with annual coupon rates of 10.3% and 6%, respectively.

LATEST NEWS

spot_imgspot_imgspot_img