Armenian banks’ investment portfolio grows 13.5% to amd 143.7bn in IV quarter

17.02.2012 14:01
Armenian banks’ investment portfolio grows 13.5% to amd 143.7bn in IV quarter

YEREVAN, February 17. /ARKA/. Investment portfolio of Armenian commercial banks grows 13.5% to 143.7 billion drams in the forth quarter of 2011 compared to the beginning of the year, according to the findings of an analysis made by ARKA news agency.

The study shows that for this period the sale investments account for 87.82% (126.2 billion drams) of all investments.

Financial investments for commercial purposes reach 3.67% or 5.3 billion drams of all investments. However, the bank investments, kept till maturity deadline, account for 8.28% or 11.9 billion drams of all investments.

According to the midterm financial reports, the share of investments in the authorized capital of controlled third entities is 0.23% or 324 million drams.

As for the forth quarter of 2011, HSBC Bank is the leading bank in terms of investment portfolio size in Armenia – 28.2 billion drams. It is followed by ArmSwissbank – 16.3 billion drams and Ameriabank -13.3 billion drams. There are 21 banks in Armenia as of December 31, 2011 ($1 – 389.13 drams).-0-


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