Armenian commercial banks’ return on assets grew by 0.05 p.p. in quarter 3 to 0.53%

24.11.2015 14:34
Armenian commercial banks’ return on assets grew by 0.05 p.p. in quarter 3 to 0.53%

YEREVAN, November 24. /ARKA/. Armenian commercial banks’ Return on Assets (ROA), an indicator of how profitable a company is relative to its total assets, averaged 0.53% in the third quarter of 2015 against 0.49% in the second quarter.

Inecobank is topping ARKA News Agency’s ranking based on comparable analysis – its ROA was recorded at 2.91% as of September 30, 2015 against 2.71% in the second quarter.

ArmSwissbank, with its 2.6% against 2.18%, came in second in the ranking, HSBC Bank Armenia with 2.35% against 2.53%, came in third, Mellat Bank with 2.27% against 2.19% was fourth and Prometey Bank with 1.65% against 1.73% was fifth.

The average Return on Equity (ROE), the amount of net income returned as a percentage of shareholders equity, of the country’s commercial banks stood at 3.54% in the third quarter against 3.3% in the second quarter.

Inecobank, with its 16.24% against 15.35% was the first. It was followed by Ameriabank with 14.52% against 13.78%. HSBC Bank Armenia with 13.62% against 15.9% came in third, ArmSwissbank with 11.24% against 9.49 was fourth and Armbusinessbank with 9.26% against 11.05% was fifth.

Armenian commercial banks’ aggregate assets as of September 30,2015 totaled about 3.318.3 trillion drams (a decline of 2.11%), their liabilities stood at 2.807.0 trillion drams (a 3.36% decline), the banks’ capital grew by 7.2% to 511.3 billion drams, their credit investments fell by 4.3% to 2.074.1 trillion drams and their net profit slashed by 53.88% to 13.1 billion drams.-0-


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