Armenian banks’ retained earnings surge nearly two times

21.06.2011 13:33
Armenian banks’ retained earnings surge nearly two times

YEREVAN, June 21. / ARKA /. Armenian commercial banks’ retained earnings in the first four months of 2011 surged by a factor of 1.9 if compared to the same period of time in 2010 to a total of 10.3 billion drams, the Central Bank of Armenia said in a statement posted on its official website.

According to it, banks’ total assets grew by 2% in April from March to 1. 686.8 trillion drams. Their total liabilities were said to have also increased against March 2011 by 1.9% to 1. 350.1 trillion drams. The statement says that the banks’ aggregate balance capital grew by 0.5% in April from March to 336.7 billion drams.

There are now 21 commercial banks in Armenia now. ($1 – 373.96 drams). -0-


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