YEREVAN, November 16. /ARKA/. Armenian banks’ total capital grew 10.9% over the third quarter reaching AMD 317.7 billion by late September.

According to banks’ quarterly reports, their aggregate authorized capital, including issuance income, grew 8% (AMD 15.2 billion) to AMD 205 billion.

Banks’ aggregate issuance income grew by AMD 420 million to AMD 12.4 billion.

ARKA News Agency’s analysis shows that general reserves in banks’ capital totaled AMD 86 billion in late September after growing by AMD 12.3 billion or 16.6% over the third quarter.

ACBA-Credit Agricole Bank, with its total capital amounting to AMD 38.1 billion, Ameriabank with AMD 31.2 billion, VTB Bank (Armenia) with its AMD 28.2 billion, Ardshininvestbank (AMD 27.9 billion) and HSBC Bank Armenia (AMD 23 billion) are leaders in ARKA News Agency’s ranking.

Five banks were singled out for fastest growth of their capital.

HSBC Bank Armenia built up its capital by 22.06% over the quarter to AMD 23 billion.

Converse Bank enlarged it to AMD 14.7 billion (12.28% quarter-on-quarter growth), VTB Bank (Armenia) to AMD 28.2 billion (5.97% growth), Inecobank to AMD 12.3 billion (5.26% growth) and Artsakhbank AMD 8.7 billion (4.36% growth).

Ameriabank, with its authorized capital that amounted to AMD 25.5 billion in the third quarter (12.43% of Armenian banks’ aggregate authorized capital), topped ARKA News Agency’s ranking.

ACBA-Credit Agricole Bank, with its AMD 15.8-billion authorized capital and 7.69% share in the banking system’s authorized capital, ranked second.

Ardshininvestbank, with its AMD 15.5 billion and 7.57%, came third, Anelik Bank (AMD 14.3 billion and 6.98%) fourth and VTB Bank (Armenia) (AMD 13.9 billion and 6.78%) fifth.

Some 21 commercial banks with their 399 branches function in Armenia now. ($1 = AMD 363.27). -0---