Aggregate capital of Armenian banks in q4, 2009 grows by 20.1 billion drams to 278.4 billion drams

01.02.2010 19:44
Aggregate capital of Armenian banks in q4, 2009 grows by 20.1 billion drams to 278.4 billion drams

YEREVAN, February 1, /ARKA/. The aggregate capital of Armenian commercial banks in Q4, 2009 grew by 20.1 billion Drams to 278.4 billion Drams at the end of 2009, the Central Bank of Armenia said in its brief review of banks’ performance in Q4, 2009.

The Central Bank said also the banks’ charter capital grew by 4.9% or 8.9 billion Drams to 188.6 billion Drams.

The share of non-residents in the charter capital of Armenian banks rose by 8 billion Drams to 126.1 billion Drams. Actually non-residents accounted for 66.9% of all charter capital of the banks, up from 65.7% at the beginning of Q4.

According to the Central Bank’s brief review, the amount of the banks’ main reserves did not change standing at 8.2 billion Drams. The amount of accumulated earnings rose from 58.4 billion Drams to 64.7 billion Drams.

According to ARKA’s analysis, the list of five biggest banks, in terms of aggregate capital, is topped by ACBA Credit Agricole-35.4 billion Drams, Ardshininvestbank-27.3 billion Drams, Bank VTB Armenia -25.3 billion Drams, Ameriabank-21.7 billion Drams, and HSBC Bank Armenia -17.1 billion Drams.

In terms of charter capital, including profits from issued bonds, the leader was Ameriabank with 18.2 billion Drams, followed by ACBA Credit Agricole-15.7 billion Drams, Ardshininvestbank- 15.5 billion Drams, Anelik Bank -14.3 billion Drams and Bank VTB Armenia -13.9 billion Drams. There are 22 commercial banks in Armenia with 391 branches. ($1 – 376. Drams). -0-.


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