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Overall Assets Of 21 Armenian Commercial Banks Grow By 5.8% In First

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  • Overall Assets Of 21 Armenian Commercial Banks Grow By 5.8% In First

    OVERALL ASSETS OF 21 ARMENIAN COMMERCIAL BANKS GROW BY 5.8% IN FIRST QUARTER OF 2006

    Noyan Tapan
    May 04 2006

    YEREVAN, MAY 4, NOYAN TAPAN. The actual authorized capital of the
    21 Armenian commercial banks grew by 0.4% in the first quarter of
    2006 and made about 60 bln 547 mln 882 thousand drams (about 135 mln
    USD), 31.589 bln drams of which was the share of nonresidents. This
    index increased by 2.7% compared with the respective index of late
    December 2005. The overall balance capital of the banks grew by 4.7%
    to 99 bln 252.6 mln drams. According to the Central Bank of Armenia,
    the on-call liabilities grew by 12.4% in the first quarter of 2006 and
    amounted to 163 bln 133 mln drams, while the time deposits of natural
    persons grew by 9.2% to 73.214 bln drams. The time deposits of legal
    entities declined by 12.4% to 43.042 bln drams in the period under
    review. The total amount of credits provided to legal entities by the
    banks grew by 4.5% to 108 bln 926 mln drams, credits given to natural
    persons - by 10.5% to 81 bln 550 mln drams. The overall assets of the
    banks increased by 5.8% to about 466 bln 152 mln 320 thousand drams,
    while their undistributed profit made 4 bln 41 mln drams. Standard
    credits accounted for 97.5% of all credit investments of the banks
    in the first quarter of 2006, there were no bad loans.
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