ARKA NEWS AGENCY PUBLISHES BULLETIN "FINANCIAL INDICATORS OF ARMENIAN BANKS IN 2006"
Arka News Agency, Armenia
May 29 2007
YEREVAN. May 29. /ARKA/. ARKA News Agency published the second issue
of the annual bulletin "Financial Indicators of Armenian Banks in 2006"
(based on independent audit results), first presented in May 2006. The
bulletin is compiled on the basis of official financial reports of
banks and published once a year upon completion of independent audit
check-ups in banks and publication of these check-ups’ results in
the press.
The bulletin’s structure has sections presenting both basic financial
indicators of each bank separately (table 21 for each bank and one
summary table for the entire system), and comparative tables on
banks (rankings on separate indicators of activity) Unlike interim
quarterly financial reports of banks, annual reports, approved by
independent auditors and accepted by bank shareholders, reflect the
final information on accounting balance, reports on financial results,
funds floatation, and change in the own capital of banks, which are
corrected and approved by auditors.
ARKA News Agency works since May 1, 1996, and specializes in providing
financial, economic, and political information.
Since 1999 ARKA News Agency publishes the quarterly bulletin "Basic
Indicators of Armenian Banks, since March 2005 – quarterly bulletin
"Credit Organizations of Armenia", and since May 2006 – "Financial
Indicators of Armenian Banks" based on annual independent audit
check-ups.