Armenian commercial banks’ total capital ups by 4.4% in quarter three

29.10.2010 15:44
Armenian commercial banks’ total capital ups by 4.4% in quarter three

YEREVAN, October 29, /ARKA/. Armenian commercial banks’ total capital upped by 4.4% in the third quarter of the year or by 13 billion Drams to a little over 306.6 billion Drams, the Central Bank of Armenia said in its brief review of banks’ performance in quarter three.

The charter capital of Armenian banks was said to have grown by 4.4% in the third quarter of the year or by 8.6 billion Drams to stand at 203.8 billion Drams. The share of non-residents’ portion in charter capital grew by 5.1 billion Drams to 147.6 billion Drams. As a matter of fact, non-resident shareholders owned 72.4% of the overall charter capital, up from 73% at the beginning of the year.

As of September 30 the banks accumulated 15.1 billion Drams of reserve capital that increased by 2.1% in the third quarter.

The amount of accrued income was 72.5 billion Drams at the end of quarter three, up from 68.5 billion Drams from the beginning of the quarter. The current period income rose to 21 billion Drams. There are 21 commercial banks in Armenia with 400 branches. ($1 – 358.62 Drams).  -0-


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