Armenian banks capital grows by 5.4% in first half of 2015 to 502.6 billion drams

28.07.2015 16:41
Armenian banks capital grows by 5.4% in first half of 2015 to 502.6 billion drams

YEREVAN, July 28. / ARKA /. The capital of 21 commercial banks operating in Armenia saw a 5.4% increase in the first half of 2015 as opposed to the same time span of 2014 making a total of 502.6 billion drams, according to ARKA news agency's quarterly bulletin "Banks of Armenia." The increase in capital resulted from several banks' moves to build up their authorized capital.

The leading bank in terms of capital size in the second quarter was ACBA-CREDIT AGRICOLE BANK with 54.9 billion drams, which was 1.3% higher from the beginning of the year. It was followed by HSBC Bank Armenia with 49.9 billion drams capital, a 6.3% growth from the beginning of the year.

Ardshinbank with 48.8 billion drams came in third (a 3.6% growth); Ameriabank was fourth with 45.2 billion drams (a growth of 6.8%) and VTB Bank (Armenia) was fifth with 29. 6 billion drams (a 3.5% decline).

In the first half of 2015 the main indicators of the Armenian banking system demonstrated a decline; in particular, the banks' total assets declined by 3.62% compared with the beginning of the year to 3. 267 trillion drams; their liabilities fell by 5.1% to 2.764.3 trillion drams and liabilities to clients fell by 1% to 1. 678.7 trillion drams. ($1 – 477.90 drams).


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