YEREVAN, April 23. /ARKA/. Armenian commercial banks said their total assets in the first quarter of 2010 grew by 4.5% to 1.418.2 trillion Drams. According to their preliminary reports for the first three months, their total liabilities were up by 4.8% to 1.122.3 trillion Drams and their aggregate capital grew by 3.4% from the beginning of the year to 295.9 billion Drams.

An analysis conducted by ARKA has revealed that the banks’ credit investments grew by 6.9% to 783.4 billion Drams, while their customer commitments grew by 6.7%. to 770.8 billion Drams. The banks earned in net profits 6.8 billion Drams in Q1. The figure represents a 535.7% rise from the same time period last year. At the end of March there were 22 commercial banks in Armenia. ($1 – 390.33 Drams). -0-