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Ratio of Armenian banks’ assets to GDP rises 1.9% in Jan-June 2013 to 64.1%

YEREVAN, October 22. /ARKA/. Ratio of Armenian banks’ assets to GDP rose 1.9 percentage points in Jan-June 2013 to 64.1%, the central bank’s financial stability report says.

The ratio of the loans extended to the economy to GDP went 0.9 percentage points up to 39.5%.
The regulator says in its report that the ratio of deposits in Armenian banks to GDP increased 4.4 percentage points to 32.8% and the money stock-GDP ratio shed 0.8 percentage points to 33.0%.
According to the report, nonresidents’ share in the authorized capital of Armenia’s banks shrank 0.1% to 73.2%.

The banks’ total capital grew 3.1% or by AMD 12.5 billion and their total assets grew 6.6% or by AMD 162.9 billion. As a result, total capital/total assets ratio (leverage coefficient) slid 0.5 percentage points to 15.6%.

Armenian banks’ aggregate assets totaled about AMD 2641.1 billion in late June showing a 10.26-percent growth since the beginning of this year and their liabilities reached AMD 2213.9 billion in late June after growing 11.17%.

The banks’ total capital amounted to AMD 427.1 billion (a 5.81-percent growth).

Their total assets amounted to AMD 2719.6 billion in late September (13.54% growth since the beginning of this year), liabilities AMD 2274.6 billion (14.21% growth) and total capital AMD 444.9 billion (10.21% growth). ($1 – AMD 405.71). —0—-

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