YEREVAN, June 17. / ARKA /. About 68.7 percent of Armenian banks’ total authorized capital was owned as of late April this year by foreign shareholders. The figure was down 6.7 percentage points from the previous month, the Central Bank of Armenia said today in a statement.
In 2013 about 74.6% of the total authorized banking capital was owned by foreigners, up 1.3 percentage points from 2012. In 2013, four local banks received 11.4 billion drams from foreign sources to replenish their authorized capital.
The share of non-residents in the capital of Armenian banks grew rapidly from 58% in 2007 to 78.90% in 2010. In 2011 it dropped to 75.10% and further to 73.10% in 2012.
The largest foreign shareholders in 2013 were the EU countries – 33.8%, Russia accounted for 15.4% and Switzerland for 4%.
The authorized capital of the Armenian banking system at the end of 2013 stood at 263 billion drams, growing to 270 billion drams in late April, 2014.
There are 21 commercial banks in Armenia and the Pan-Armenian Bank. One of the banks is an LLC, four banks are jsc, 17 are cjsc, 8 banks operate with a100% equity interest. ($ 1 – 411.86 drams). 0-
