Armenian commercial banks’ reserves grow by 1.1% to 1.370.6 trillion drams

20.07.2010 19:17
Armenian commercial banks’ reserves grow by 1.1% to 1.370.6 trillion drams

YEREVAN, July 20, /ARKA/. Armenian commercial banks said their total reserves grew by 1.1% in the second quarter of 2010 to 1.370.6 trillion Drams.

According to the banks’ interim reports for the second quarter, the total amount of their liabilities dropped by 0.3% to 1.066.3 trillion Drams. In the reporting period of time the banks’ aggregate capital grew by 6.2% from the beginning of the year to 304.3 billion Drams.

According to an analysis of the reports, made by ARKA, the amount of credit investments of all banks grew by 8.8% from the fourth quarter of 2009 to 797.4 billion Drams. The banks’ total liabilities to customers dropped by 2.4% if compared to the late 2009 to 703 billion Drams. Their profits in the second quarter grew by 2.5 times year-on-year to 14.8 billion Drams. On June 30 there were 21 commercial banks in Armenia. ($1 – 363.44 Drams). -0-


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