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TOTAL CAPITAL OF ARMENIA'S BANKING SYSTEM WILL GREW BY 25% BY 2005
YEREVAN, AUGUST 9. ARMINFO. Total capital of Armenia's banking system
will grew by 25% or by 12.2 bln drams in the current and will reach
61.1 bln drams by 2005. Such is the forecast of commercial banks based
on their strategic plans of development. In particular, a 60.2% growth
of the total capital will be secured due to the expected increase in
the undistributed profits to 14.4 bln drams, which totals 23.5% of the
capital, and 25% due to the raising of the authorized capital, which
will total 39.1 bln drams by 2005. Thus, according to forecasts,
investments by non-residents into the authorized capital will make up
2.4 bln drams within 2004, as a result the share of foreign capital in
the authorized fund will increase by 2.4 per cent reaching 45.7%. The
tendency towards growth of foreign capital in the authorized one will
continue till 2007, reaching 49.2%. Alongside with this, a 33.6%
growth in the undistributed profits is expected, which will reach 21.2
bln drams by 2007.
By 2007, the total capital of Armenia's banking system will reach 89.6
bln drams, in particular, as compared to the beginning of 2004, the
growth of this indicator will total 83.4%, 34% of which will be the
share of the authorized capital, 57.5% that of the undistributed
profits. In the given period of time, total capital of six commercial
banks will exceed $10 mln, that of the two banks $8-10 mln, the
capital of four banks will total $6-8 mln, that of the remaining 6
banks - $5 mln.
Capital-aggregate assets ratio will reach 18.1% by 2005 and 21.5% by
2007, meanwhile, this indicator was 17.1% at the beginning of 2004.
YEREVAN, AUGUST 9. ARMINFO. Total capital of Armenia's banking system
will grew by 25% or by 12.2 bln drams in the current and will reach
61.1 bln drams by 2005. Such is the forecast of commercial banks based
on their strategic plans of development. In particular, a 60.2% growth
of the total capital will be secured due to the expected increase in
the undistributed profits to 14.4 bln drams, which totals 23.5% of the
capital, and 25% due to the raising of the authorized capital, which
will total 39.1 bln drams by 2005. Thus, according to forecasts,
investments by non-residents into the authorized capital will make up
2.4 bln drams within 2004, as a result the share of foreign capital in
the authorized fund will increase by 2.4 per cent reaching 45.7%. The
tendency towards growth of foreign capital in the authorized one will
continue till 2007, reaching 49.2%. Alongside with this, a 33.6%
growth in the undistributed profits is expected, which will reach 21.2
bln drams by 2007.
By 2007, the total capital of Armenia's banking system will reach 89.6
bln drams, in particular, as compared to the beginning of 2004, the
growth of this indicator will total 83.4%, 34% of which will be the
share of the authorized capital, 57.5% that of the undistributed
profits. In the given period of time, total capital of six commercial
banks will exceed $10 mln, that of the two banks $8-10 mln, the
capital of four banks will total $6-8 mln, that of the remaining 6
banks - $5 mln.
Capital-aggregate assets ratio will reach 18.1% by 2005 and 21.5% by
2007, meanwhile, this indicator was 17.1% at the beginning of 2004.