{"id":87864,"date":"2015-05-20T14:00:52","date_gmt":"2015-05-20T14:00:52","guid":{"rendered":"https:\/\/armbanks.am\/2015\/05\/20\/242928\/"},"modified":"2024-12-15T13:18:09","modified_gmt":"2024-12-15T13:18:09","slug":"armenia-based-banks-average-returns-on-assets-falls-to-0-27-in-quarter-one","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/05\/20\/87864\/","title":{"rendered":"Armenia-based banks\u2019 average returns on assets falls to 0.27% in quarter one"},"content":{"rendered":"<p><strong>YEREVAN, May 20. \/ ARKA \/.<\/strong> Armenian commercial banks\u2019 average return on assets (ROA) index, showing a company\u2019s efficiency in making profits from its assets, fell to 0.27% in the first quarter of 2015 from 0.91% in late December 2014, according to an ARKA news agency&#8217;s analysis, which showed that in terms of ROA index the leading bank was Inecobank with 2.6% ROA, down from 3.83% in late 2014.<\/p>\n<p>Inecobank was followed by Iranian Bank Mellat with 2.31% ROA, up from 1.03% in 2014 December. It was followed by HSBC Bank Armenia with 2.26% ROA, down from 2.53% in late 2014, Armswissbank \u2013 with 1.83%, down from 3.12% and Ameriabank \u2013 with 1.50% against 2.08% in 2014 December.<\/p>\n<p>At the same time, the average return on equity (ROE) index fell to 1.87% from 5.58% in 2014 December. The leading bank by size of ROE was Inecobank again with 15.08%, down from 21% at the end of 2014, followed by HSBC Bank Armenia &#8211; 14.13% vs. 14.71%, Ameriabank &#8211; 13.66% vs. 17.82 %, Unibank- 10.66% vs. 4.45% and Conversebank &#8211; 8.86% versus 11.59%.<\/p>\n<p>Armenian banks&#8217; profits have been falling since November 2014 prompted by the devaluation of the national currency, the dram and deteriorating economic situation.<\/p>\n<p>As of late March 2015 the 21 Armenia-based commercial banks&#8217; total assets stood at 3 272.1 trillion drams, a 3.4% decline from the beginning of the year.<\/p>\n<p>Their liabilities dropped by 4.4% to 2.785.7 trillion drams; credit investments saw a 3.5% fall to 2.075.6 trillion drams, liabilities to clients fell by 4.4% to 1.62 trillion drams, while their overall capital grew by 2.7% to 486.4 billion drams.<\/p>\n<p>Their net profit for the first quarter of 2015 slashed by 75.2% from the first quarter of 2014 to 2.2 billion drams. ($1 \u2013 42.27 drams).\u20130\u2014<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian commercial banks\u2019 average return on assets (ROA) index, showing a company\u2019s efficiency in making profits from its assets, fell to 0.27% in the first quarter of 2015 from 0.91% in late December 2014<\/p>\n","protected":false},"author":1,"featured_media":157200,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,13719,15402],"class_list":{"0":"post-87864","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-asset","11":"tag-average-2"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/87864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=87864"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/87864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157200"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=87864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=87864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=87864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}