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OVERALL ASSETS OF 21 ARMENIAN COMMERCIAL BANKS GROW BY 5.8% IN FIRST QUARTER OF 2006
Noyan Tapan
May 04 2006
YEREVAN, MAY 4, NOYAN TAPAN. The actual authorized capital of the
21 Armenian commercial banks grew by 0.4% in the first quarter of
2006 and made about 60 bln 547 mln 882 thousand drams (about 135 mln
USD), 31.589 bln drams of which was the share of nonresidents. This
index increased by 2.7% compared with the respective index of late
December 2005. The overall balance capital of the banks grew by 4.7%
to 99 bln 252.6 mln drams. According to the Central Bank of Armenia,
the on-call liabilities grew by 12.4% in the first quarter of 2006 and
amounted to 163 bln 133 mln drams, while the time deposits of natural
persons grew by 9.2% to 73.214 bln drams. The time deposits of legal
entities declined by 12.4% to 43.042 bln drams in the period under
review. The total amount of credits provided to legal entities by the
banks grew by 4.5% to 108 bln 926 mln drams, credits given to natural
persons - by 10.5% to 81 bln 550 mln drams. The overall assets of the
banks increased by 5.8% to about 466 bln 152 mln 320 thousand drams,
while their undistributed profit made 4 bln 41 mln drams. Standard
credits accounted for 97.5% of all credit investments of the banks
in the first quarter of 2006, there were no bad loans.
Noyan Tapan
May 04 2006
YEREVAN, MAY 4, NOYAN TAPAN. The actual authorized capital of the
21 Armenian commercial banks grew by 0.4% in the first quarter of
2006 and made about 60 bln 547 mln 882 thousand drams (about 135 mln
USD), 31.589 bln drams of which was the share of nonresidents. This
index increased by 2.7% compared with the respective index of late
December 2005. The overall balance capital of the banks grew by 4.7%
to 99 bln 252.6 mln drams. According to the Central Bank of Armenia,
the on-call liabilities grew by 12.4% in the first quarter of 2006 and
amounted to 163 bln 133 mln drams, while the time deposits of natural
persons grew by 9.2% to 73.214 bln drams. The time deposits of legal
entities declined by 12.4% to 43.042 bln drams in the period under
review. The total amount of credits provided to legal entities by the
banks grew by 4.5% to 108 bln 926 mln drams, credits given to natural
persons - by 10.5% to 81 bln 550 mln drams. The overall assets of the
banks increased by 5.8% to about 466 bln 152 mln 320 thousand drams,
while their undistributed profit made 4 bln 41 mln drams. Standard
credits accounted for 97.5% of all credit investments of the banks
in the first quarter of 2006, there were no bad loans.