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Armenian banks’ aggregate assets shrank 3.36% at 2nd Q 2010 to AMD 1370.6 billion

26.08.2010 20:43

Armenian banks’ aggregate assets shrank 3.36% at 2nd Q 2010 to AMD 1370.6 billion

YEREVAN, August 26. /ARKA/. Armenian banks’ aggregate assets have shrunk 3.36% or by AMD 47.6 billion over the second quarter of 2010 to AMD 1370.6 billion (1.05% growth since the beginning of the year).

ARKA News Agency’s analysis based on banks’ quarterly reports shows that ACBA-Credit Agricole Bank, with its assets totaling AMD 171.5 billion, is the biggest asset owner among Armenian banks. The bank’s assets reduced 1.65% at the second quarter. Its share in Armenian banks’ aggregate assets is 12.51%.

The second largest asset owner is HSBC Bank Armenia with its AMD 126.7 billion (9.25% share in banks’ aggregate assets).

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