YEREVAN, March 3. /ARKA/. Armenian commercial banks’ Return on Assets (ROA), an indicator of how profitable a company is relative to its total assets, averaged 0.91% in 2014 against 1.81% in late 2013.
The profitability of assets fell 0.37% over one quarter.
Inecobank is topping ARKA News Agency’s ranking based on comparable analysis – its ROA was recorded at 3.83% in 2014 against 4.21% in 2013.
Armswisbank, with its 3.12% against 2.98%, came second in the ranking, HSBC Bank Armenia, with 2.53% against 3.55%, came third, Araratbank, with 2.39% and 2.75% respectively, fourth and Ameriabank, with 2.08% and 1.97% fifth.
An average Return on Equity (ROE), the amount of net income returned as a percentage of shareholders equity, of the country’s commercial banks stood at 5.58% in 2014 against 11.12% in late 2013.
Inecobank, with its 21% against 23.90% a year earlier, came first here. Ameriabank, with 17.82 against 15.96%, ranked second, HSBC Bank Armenia, with 14.71% against 20.36%, third, Araratbank, with 13.90% against 17.17%, fourth and Armbusinessbank, with 13.26 against 11.71% fifth.
Armenian commercial banks’ assets totaled about AMD 3 410.6 billion in late 2014 (a 16.1% growth) and their liabilities AMD 2 921.8 billion (a 18.3% growth).
The banks’ total capital amounted to AMD 488.7 billion (a 4.2% growth) and their aggregate loan portfolio AMD 2 162.9 billion (21.2% growth). They earned AMD 27.1 billion in net profits in 2014 (14.3% decline).
Twenty one commercial banks operate in Armenia now. –0–
