YEREVAN, August 14. /ARKA/. Gold transactions of Armenia’s commercial banks (“precious metal” deposits, standardized precious metal bars and commemorative coins) totaled 1.4 billion drams in the second quarter of this year, a 2.4-time increase against the level of the beginning of the year.
An analysis by ARKA showed that Armswissbank is the leader in volume of precious metal transactions as of the end of the second quarter: its gold transactions constituted about 36.03% of the overall volume of such transactions by Armenia’s commercial banks. Armswissbank’s gold transactions amounted to a total of 512.6 million drams by the end of June 2013, more than six times as much as the volume recorded in the beginning of the year.
The next four banks with largest volume of gold transactions are Ameriabank (509.4mln drams, 4.6-time increase, with a 35.81% share in overall volume of gold transactions), Conversebank 93.6mln drams, 16.4% reduction, the share – 6.93%), Armbusinessbank (96.5mln drams, 4-time increase, share in overall volume 6.78%) and Unibank (65.8mln drams, 24.9% reduction, the share is 4.03%).
In general, out of 21 commercial banks operating in Armenia in the reporting quarter only 11 effected gold transactions.
There were 21 banks with 478 branches operating in Armenia as of the end of June 2013. ($1=407.13drams). –0–
