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Fitch: Armenian banks better placed after raising new capital

04.07.2017 18:59

Fitch: Armenian banks better placed after raising new capital

YEREVAN, July 4. /ARKA/. Banks in Armenia are better positioned to meet challenges as capital levels have been boosted to comply with new regulations, Fitch Ratings said at its annual conference on Armenia in Yerevan today. The higher capital buffers should help to support credit growth and provide resilience against potential pressures on asset quality.

The sector's capital adequacy ratio increased to 20% at end-1Q17 from 16.2% at end-2015 as lenders reacted to the introduction of a new capital floor on 1 January. (The minimum required ratio remains unchanged at 12%.)

The capital floor was raised to AMD30 billion (about USD60 million) from AMD5 billion. This mostly affected small and mid-sized banks, triggering some mergers and acquisitions. The number of commercial banks operating in Armenia fell to 17 at end-1Q17 from 21 at end-2015 and we expect more consolidation, given modest returns on equity. The sector's net interest margin hit a record low of 4.3% in 2016, pressured by intense competition and limited credit growth.

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Ardshinbank’s capital built up by 47.7% to AMD 71.5 billion in 2016

05.05.2017 16:37

Ardshinbank’s capital built up by 47.7% to AMD 71.5 billion in 2016

Ardshinbank has published its audited financial results for the year 2016, demonstrating sustainable growth

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Ranking of Armenian banks by size of capital in quarter one, 2017

26.04.2017 16:20

Ranking of Armenian banks by size of capital in quarter one, 2017

YEREVAN, April 26. /ARKA/. ARKA news agency has released a ranking of Armenia-based commercial banks by size of their total capital in the first quarter of 2017. The combined capital of all 17 banks operating in Armenia in the first quarter of 2017 amounted to 665.5 billion drams, an increase of 0.13% compared to the […]

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Aggregate share capital of 34 credit organizations in Armenia grew by 34.7% to 184.9 billion drams

20.02.2017 18:22

Aggregate share capital of 34 credit organizations in Armenia grew by 34.7% to 184.9 billion drams

The aggregate share capital of 34 universal credit organizations operating in Armenia amounted to 184.9 billion drams in late 2016, having grown by 34.7% from the previous year, according to an ARKA news agency’s analysis

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Regulator: Armenian banks’ aggregate capital built up by 30% to AMD 600 billion

08.02.2017 17:36

Regulator: Armenian banks’ aggregate capital built up by 30% to AMD 600 billion

The total capital of Armenia’s banks grew 30% or by about AMD 200 billion to more than AMD 600 billion in 2016, Nerses Yeritsyan, deputy chairman of the Central Bank of Armenia, said Tuesday in the National Assembly

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Armenian central bank’s total capital reaches AMD 17.3 billion in late September 2016

30.11.2016 16:28

Armenian central bank’s total capital reaches AMD 17.3 billion in late September 2016

The total capital of the Central Bank of Armenia amounted to AMD 17.3 billion in late September 2016 against AMD 2.6 billion in late December 2015, the regulator’s press office reported on Wednesday

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Universal credit organizations’ own capital grow by 22 percent

23.11.2016 18:35

Universal credit organizations’ own capital grow by 22 percent

Armenian universal credit organizations’ (UCO) combined own capital in the third quarter of 2016 grew by 22.1% from the beginning of the year to 164.9 billion drams, according to ARKA news agency’s analysis

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Armbusinessbank adds AMD 8.4 billion to its authorized capital

24.10.2016 16:21

Armbusinessbank adds AMD 8.4 billion to its authorized capital

Armbusinessbank has filled its authorized capital with AMD 8,467,060,000 thanks to shareholder Vitaly Grigoryan, according to the report posted at the bank’s website

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Araratbank’s authorized capital built up by AMD 8.5 billion to AMD 31.7 billion

30.09.2016 14:51

Araratbank’s authorized capital built up by AMD 8.5 billion to AMD 31.7 billion

Araratbank has added AMD 8.5 billion to its authorized capital by issuing and placing stocks, the bank’s press office reported on Thursday

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Annual growth of capital of Armenian banks expected to average 22.7% at period between 2016 and 2018

24.08.2016 18:55

Annual growth of capital of Armenian banks expected to average 22.7% at period between 2016 and 2018

The annual growth of the capital of Armenian banks is expected to average 22.7% at a period between 2016 and 2018, the Central Bank of Armenia says in its report ‘Possible Developments of Armenia’s Banking Sector in 2016-02018’ based on programs of prospective development of Armenian banks

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