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Armenian banks’ averaged return on assets index rose to 1.94 percent in fourth quarter of 2012

YEREVAN, February 14. / ARKA /. Armenia-based commercial banks’ averaged return on assets (ROA) index, showing a company’s efficiency in making profits from its assets, rose to 1.94 percent in the fourth quarter of 2012 from 1.82 percent in the previous quarter, according to findings of an analysis made by ARKA news agency.

The leading bank by size of ROA indicator was Inecobank, which posted a 3.90 percent ROA index that was up from 3.75% at the end of the third quarter. It was followed by HSBC Bank Armenia with a 3.81% index, down from 3.99% in the third quarter of last year. Prometey Bank was next with a 3.47% index, down from 3.65%, Armswissbank was fourth with 3.44%, up from 3.16% and Araratbank was fifth with 3.25%, down from 3.74 percent.

The analysis shows also that the banks’ return on equity (ROE) indicator in the fourth quarter rose to 11% from 10.15% in the previous quarter. In terms of ROE indicator the leading bank was Araratbank with a 23.67% index, down from 28.01% in the third quarter. It was followed by HSBC Bank Armenia with a 22.31% index, down from 23.28% in the previous quarter. They were followed by Inecobank with a 22.07%, up from 21.01%, Ameriabank with a 17.11% index, down from 17.42% and VTB Bank (Armenia) with a 15.68%, up from 14.86. ($1 – 406.74 drams). -0-

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