Armenian banking system liabilities grew by 7.17% to 2,145.1 bln drams in Q1

18.04.2013 13:29
Armenian banking system liabilities grew by 7.17% to 2,145.1 bln drams in Q1

YEREVAN, April 18. /ARKA/. Aggregate liabilities of Armenia’s banking system rose by 7.17% to 2,145.1 billion drams as of the end of March, compared to the beginning of the year.

An analysis made by Arka News Agency showed that Ameriabank had the highest total liabilities among Armenia’s banks – 270.8 billion drams, an increase of 29.96% against the beginning of the year. Ameriabank’s share in the overall aggregate liabilities of the banking system is 12.6%.

Bank VTB (Armenia) recorded the second highest volume of total liabilities, 206.9bln drams (14.01% increase), followed by ACBA_CREDIT AGRICOLE BANK with 202.3bln drams (1.56% increase), Ardshininvestbank with over 185.2bln drams (10.17% increase) and HSBC Bank Armenia, about 184.4bln drams (an increase of 4.81%).

There were 21 commercial banks operating in Armenia as of the end of March 2012. ($1=416.65drams).  --0—


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