THREE OF LEADERS IN ARMENIA’S BANKING SYSTEM BY LEVEL OF NET PROFIT OVER 9 MONTHS, 2007, INCLUDES ARDSHININVESTBANK, ‘HSBC BANK ARMENIA’ AND ‘ACBA-CREDIT AGRICOLE’ BANK
arminfo
2007-11-06 12:03:00
ArmInfo. The greatest level of net profit in Armenia’s banking system
over 9 months, 2007, was assured by Ardshininvestbank, and Bank –
3 bln drams ($8.9 mln), 2.4 bln drams ($7.1 mln) and 2.3 bln drams
($6.9 mln), respectively.
The fourth place by this indicator is taken by Armeconombank- 1.4
bln drams, the fifth place by Unibank – 1.2 bln drams. According to
RA commercial bank’s Ranking data, prepared by the Agency of Rating
Marketing Information (ARMINFO), the Armenian Development Bank leads
by the degree of return on assets – 5,6% (the net profit share in
assets – ROA). The second place is taken by Ardshininvestbank – 4,1%,
the third place – by Bank – 4%, the fourth place – by INECOBANK –
3,5% and the fifth place – by Unibank – 3,2%.
By the level of return on equity (ROE), Ardshininvestbank is a
leader, 31,3%. The 2nd place is taken by – 27,2%, the 3rd place –
by Armeconombank – 19,6%, the 4th place – by Unibank – 18,2% and the
5th place – by Artsakhbank – 15,7%.
The accumulated surplus of Armenia’s banking system, upon results of
the first 9 months, 2007, made up 16.8 bln drams ($50 mln), having
increased by 38,4% per annum, and about 3 times as compared ith
2003. According to returns of 21 acting banks, 20 banks completed
the first nine months, 2007, with profit – 16.6 bln drams, and one
bank’s loss made up 212.8 mln drams.
The total capital of the banking system for the first 9 months,
2007, grew by 24,1%, and by 26,8% per annum, and more than twice as
compared with 2004, to 148.5 bln drams ($442.2 mln) as of September
30. The annual growth of this indicator has been assured both at
the expense of profit increase and the authorized capital growth –
by 23,5% per annum, having made 98.3 bln drams ($292.9 mln) by late
September, 2007. The "Anelik Bank" leads by the authorized capital
replenishment. It increased this indicator 7 times per annum. In all,
replenishment of the authorized fund per annum (the first 9 months,
2007 as compared with the similar period, 2006) has been assured by
8 commercial banks, while no change of this indicator has been fixed
per the rest 13 commercial banks. The Armbusinessbank has shown the
greatest annual growth of the total capital – by 119,3%, and by 116,2%
over the first 9 months, 2007.
From: Emil Lazarian | Ararat NewsPress