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ARKA Publishes Its Ratings Of Armenia's Banks As Of End Of 4th Q 200

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  • ARKA Publishes Its Ratings Of Armenia's Banks As Of End Of 4th Q 200

    ARKA PUBLISHES ITS RATINGS OF ARMENIA'S BANKS AS OF END OF 4TH Q 2007

    ARKA News Agency
    Jan 31 2008
    Armenia

    YEREVAN, January 31. /ARKA/. ARKA information agency published the
    ratings of activities of Armenia's banks as of the end of the 4th
    quarter 2007.

    The bulletin is made based on unified financial reports of the
    banking organizations published in the press, as well as on additional
    information provided by the banks.

    The bulletin "indicators of activities of Armenian banks" contains
    80 pages of tabular information on banking indicators and has the
    following 10 main sections describing the banking system: 1. Main
    characteristics of banks, 2. Assets, 3. Obligations, 4. Active and
    passive transactions of banks with non-residents, 5. Capital, 6.

    Profit/Losses, 7. Information about financial flows, 8. Level of
    capitalization and liquidity, 9. Standard risk indicators and 10.

    Indicators of banks' profitability and yield.

    The information in the bulletin provides the general picture of the
    financial state of Armenia's banks and gives an opportunity to make
    comparative analysis of their activities.

    ARKA information agency has operated since May 1 1996 and specializes
    in financial, economic and political information. The agency has issued
    its quarterly bulletin "Indicators of the activities of Armenian banks"
    since 1999 and "Crediting organizations of Armenia" quarterly bulleting
    since March 2005.

    Since May 2006 ARKA agency has issued "Financial indicators of banks"
    as per the data of annual independent audits.
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