Armenia’s first-quarter banking total assets tumble by 0.5 % to 2 055,2 billion drams

26.04.2012 15:00
Armenia’s first-quarter banking total assets tumble by 0.5 % to 2 055,2 billion drams

YEREVAN, April 26. /ARKA/. Total assets of Armenia’s banking system drop by 0.5 % in the first quarter to 2 055,2 billion drams as of March 31, 2012.

The analysis, conducted by ARKA news agency in accordance with the banks’ indicators in the first quarter of 2012, shows that ACBA-Credit-Agricole was a leader in total assets index. As of March 31, the total assets of the bank advanced by 0.8 % to nearly 220.5 billion drams. ACBA-Credit-Agricole’s total assets make up 10.7% of those in the whole banking system of Armenia.

Another top banks in this indicator are VTB Bank (Armenia)- 200.7 billion drams (growth by 9.9% in the first quarter), Ameriabank – over 198.1 billion drams ( tumble by 1.4%), HSBC Bank Armenia- 183.8 billion drams ( rise by 2.7%) and Armbusinessbank – 160.6 billion drams ( slip by 4.7%).

As of March 31 of 2012 there are 21 commercial banks in Armenia. ($1 – 392.42 drams).—0--


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