10.11.2016 16:04
YEREVAN, November 10. /ARKA/. Armenian banks’ capital adequacy ratio (the ratio of a bank’s capital to its risks) in 2016 September was the highest over the last five years rising to 18.4%, the Central Bank of Armenia said.
According to the regulator, the banks’ capital adequacy ratio grew by 1.3 percentage points from the beginning of the year due to the drop in economic growth rate and high growth rate of capital. Thus, in 2015 the banks’ combined assets grew by 4.67%, while their capital surged by 17.8%. In the first nine months of 2016 the assets upped by 4.2% while the capital grew by 12.8%.
The growth of capital is taking place against the background of active replenishment of capital by the banks and merger processes, prompted by the decision of the Central Bank to raise from January 1, 2017 the minimum total capital to 30 billion drams from the current 5 billion drams.
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