YEREVAN, 4 November. /ARKA/. Eighteen Armenia-based commercial banks posted 18 percent rise (263 billion drams) in their total capital in the first 9 months of 2024, which rose to 1,739.4 billion drams, according to their statements, published in accordance with IFRS.
The capital growth was ensured mainly due to the net profit of 267.6 billion drams. At the same time, during the reporting period the banks paid 88.3 billion drams in dividends to shareholders
Four banks increased their authorised capital by 87.7 billion drams, 82% of which was due to full or partial reinvestment of profit by shareholders (through direct replenishment of the authorised capital and reinvestment of funds received as dividends).
As a result, the authorised capital of the Armenian banking system increased from 737.4 billion drams at the beginning of the year to 825․1 billion drams in late September 2024.
During the mentioned period, revaluation reserves for fixed assets and securities at fair value through other comprehensive income increased by 15.4 billion drams, while reserves for share-based payments dropped by 105.5 million drams․
Also, the total assets of the banks increased by 10.5% since the beginning of the to 10,144.1 billion drams, their investments (in the form of loans), net of reserves, grew by 14.5% to 5,758.4 billion drams, the total liabilities upped by 9.1% to 8,404.7 billion, and liabilities to customers – by 7.2%, to 5,914.0 billion drams. ($1 – 387.17 drams) -0-
