Armenian banks’ aggregate assets grow 5.73% to AMD 1763.3 billion at 2nd Q 2011

05.08.2011 12:05
Armenian banks’ aggregate assets grow 5.73% to AMD 1763.3 billion at 2nd Q 2011

YEREVAN, August 5. /ARKA/. Armenian banks’ aggregate assets reached AMD 1763.3 billion by late June 2011 after growing 5.73% or by AMD 95.6 billion over the second quarter and 13.54% since the beginning of this year.

ARKA News Agency’s analysis of banks’ second quarter indicators shows that AKBA-Credit Agricole Bank was the largest asset owner among Armenian banks at that period. Its assets grew 13.45% to AMD 192.7 billion. The bank’s share in the total assets of Armenian banks was 10.93 in the 2nd Q 2011.

Ameriabank, with its AMD 177.4 billion and 10.06% share, came second in ARKA News Agency’s ranking.

HSBC Bank Armenia, with its AMD 155.2 billion and 8.8% share, ranked third, Bank VTB (Armenia), with AMD 151.9 billion (8.62%), and Armbusinessbank, with AMD 143.7 billion (8.15%) were among the top five asset owners.

These five banks accounted for 46.56% of the Armenian banking system’s total assets in the second quarter of this year.

Armenian Development Bank (22.11% asset growth to AMD 31.2 billion), Armeconombank (21.57% to AMD 59.8 billion), Byblos Bank Armenia (14.69% to AMD 34.9 billion), ACBA-Credit Agricole Bank (13.45% to AMD 192.7 billion) and Bank VTB (Armenia) (10.64% to AMD 151.9 billion) were singled out for fastest asset growth.

Some 21 banks functioned in Armenia as of June 30, 2011. ($1 = AMD 365.7).-0—


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