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Ardshininvestbank, Bank ACBA-Credit Agricole and HSBC Bank Armenia top
three leaders by net profit for 1st half of 2008 in Armenia
2008-08-15 14:16:00
ArmInfo. Ardshininvestbank, Bank ACBA-Credit Agricole and HSBC Bank
Armenia are top three leaders by net profit for the 1st half of 2008 in
the Armenian banking system - 2.5 bln drams ($8.2 mln), 2.1 bln drams
($6.9 mln) and 1.7 bln drams ($5.6 mln), respectively. Converse Bank
ranks the 4th by 1.3 bln drams net profit ($4.3 mln), and Unibank the
5th - 1.2 bln dram ($4 mln).
Ranking of Armenian Commerce Banks prepared by Agency of Rating
Marketing Information (ArmInfo) says Prometey Bank is the leader by ROA
- 2.8%. Bank ACBA-Credit Agricole goes the second by 2.5%, Mellat Bank
the third by 2.5%, Ardshininvestbank the fourth by 2.4% and Unibank the
fifth by 2.4%. Unibank is the leader by ROE - 15.2%, HSBC Bank Armenia
is in the 2nd position by 14.6% and Ardshininvestbank is in the 3rd
position by 13.9%, Converse Bank is in the 4th position by 11% and Bank
ACBA-Credit Agricole is in the 5th position by 9.6%.
Total retained profit of Armenia's banking system for the 1st half of
2008 amounted to 12 bln drams ($39.7 mln). The growth as compared to
the same periods of 2007 and 2004 was 18.7% and almost trice. By the
balance sheets of 22 operative banks, 19 banks completed the first half
of 2008 with 13.3 bln drams summary profit. Three banks: BTA InvetBank,
ProCreditBank and Byblos Bank Armenia completed the first half of 2008
with 1.3 bln drams summary loss. ProCreditBank entered the banking
market of Armenia in early February 2008.
Total capital of the banking system of Armenia for the 1t half of 2008
was up 15%. The growth as against the same period of 2007 and 2004 was
42.2% and almost 4 times respectively. The indicator reached 198.9 bln
dram ($657.5 mln). The indicator grew mainly due to the growth of the
authorized capital by 43% to 131.7 bln drams ($435 mln), as well as due
to the increase of profits. Anelik Bank is the leader by the
replenishment of the authorized capital - over 7 times to 5.3 bln drams
($17.5 mln). The bank raised the indicator in the third quarter of 2007
without involving new shareholders and again in the second quarter of
2008 (10.42%) also without involving shareholders. Areximbank took the
second position by almost trice annual growth of authorized capital to
8.5 bln drams ($28.1 mln) and occurred in the top five of leaders.
Ameriabank (the former Armimpexbank) is in the third position with
21.7% annual growth of authorized capital to the 6th position with 6.4
bln drams ($21.2 mln). Ardshininvestbank is the leader by authorized
capital - 15.5 bln drams ($51.3 mln). The annual growth of the
indicator was 62.6%. In general, 9 banks replenished their authorized
capitals as compared to the first half of 2007, the remaining 12 banks
left it unchanged (exclusive of ProCreditBank). Only 6 banks ensured
the growth of authorized capital for the first half of 2008, Areximbank
and Ameriabank are leaders. The indicator of the remaining banks was
left unchanged.
There are 22 operating commerce banks in Armenia including ProCredit
bank that entered the banking market at the end of 2007 and launched
activity in early February 2008.
three leaders by net profit for 1st half of 2008 in Armenia
2008-08-15 14:16:00
ArmInfo. Ardshininvestbank, Bank ACBA-Credit Agricole and HSBC Bank
Armenia are top three leaders by net profit for the 1st half of 2008 in
the Armenian banking system - 2.5 bln drams ($8.2 mln), 2.1 bln drams
($6.9 mln) and 1.7 bln drams ($5.6 mln), respectively. Converse Bank
ranks the 4th by 1.3 bln drams net profit ($4.3 mln), and Unibank the
5th - 1.2 bln dram ($4 mln).
Ranking of Armenian Commerce Banks prepared by Agency of Rating
Marketing Information (ArmInfo) says Prometey Bank is the leader by ROA
- 2.8%. Bank ACBA-Credit Agricole goes the second by 2.5%, Mellat Bank
the third by 2.5%, Ardshininvestbank the fourth by 2.4% and Unibank the
fifth by 2.4%. Unibank is the leader by ROE - 15.2%, HSBC Bank Armenia
is in the 2nd position by 14.6% and Ardshininvestbank is in the 3rd
position by 13.9%, Converse Bank is in the 4th position by 11% and Bank
ACBA-Credit Agricole is in the 5th position by 9.6%.
Total retained profit of Armenia's banking system for the 1st half of
2008 amounted to 12 bln drams ($39.7 mln). The growth as compared to
the same periods of 2007 and 2004 was 18.7% and almost trice. By the
balance sheets of 22 operative banks, 19 banks completed the first half
of 2008 with 13.3 bln drams summary profit. Three banks: BTA InvetBank,
ProCreditBank and Byblos Bank Armenia completed the first half of 2008
with 1.3 bln drams summary loss. ProCreditBank entered the banking
market of Armenia in early February 2008.
Total capital of the banking system of Armenia for the 1t half of 2008
was up 15%. The growth as against the same period of 2007 and 2004 was
42.2% and almost 4 times respectively. The indicator reached 198.9 bln
dram ($657.5 mln). The indicator grew mainly due to the growth of the
authorized capital by 43% to 131.7 bln drams ($435 mln), as well as due
to the increase of profits. Anelik Bank is the leader by the
replenishment of the authorized capital - over 7 times to 5.3 bln drams
($17.5 mln). The bank raised the indicator in the third quarter of 2007
without involving new shareholders and again in the second quarter of
2008 (10.42%) also without involving shareholders. Areximbank took the
second position by almost trice annual growth of authorized capital to
8.5 bln drams ($28.1 mln) and occurred in the top five of leaders.
Ameriabank (the former Armimpexbank) is in the third position with
21.7% annual growth of authorized capital to the 6th position with 6.4
bln drams ($21.2 mln). Ardshininvestbank is the leader by authorized
capital - 15.5 bln drams ($51.3 mln). The annual growth of the
indicator was 62.6%. In general, 9 banks replenished their authorized
capitals as compared to the first half of 2007, the remaining 12 banks
left it unchanged (exclusive of ProCreditBank). Only 6 banks ensured
the growth of authorized capital for the first half of 2008, Areximbank
and Ameriabank are leaders. The indicator of the remaining banks was
left unchanged.
There are 22 operating commerce banks in Armenia including ProCredit
bank that entered the banking market at the end of 2007 and launched
activity in early February 2008.