YEREVAN, October 18. /ARKA/. Armenian banks’ aggregate net profits grew 69.8% to AMD 29 billion in Jan-Sept 2017 from AMD 17.3 billion in the same period a year before.
According to quarterly data, two of 17 banks in the country ended the year 2017 with losses amounting to AMD 7.1 billion, while in 2016 our banks ended the year with losses totaling AMD 6.7 billion.
Banks assets and liabilities grew insignificantly in Jan-Sept 2017, compared with the same period a year earlier. In particular, assets grew 0.76% to AMD 4 120.7 billion.
Banks’ lending reduced by 3.5% to AMD 2 465.8 billion by late September mainly because of Anelik Bank’s indicators – the bank changed its lending policy and stopped investing money in large projects, and as a result, its lending shrank 69.2%.
Liabilities of the country’s banks grew 0.38% to AMD 440.2 billion. Liabilities to clients here amounted to AMD 2 409.5 billion after growing 3.59%.
The slow growth of banks’ liabilities was due to a 68.6% decrease in Anelik Bank’s liabilities to clients.
Banks’ total capital amounted to AMD 680.5 billion (2.74%). ($1 – 481.35). –0—-
