OVERALL BALANCE CAPITAL OF ARMENIAN COMMERCIAL BANKS GROWS BY 43% IN 2007
Noyan Tapan
Jan 31, 2008
YEREVAN, JANUARY 31, NOYAN TAPAN. As of December 31, 2007, 22
commercial banks with 347 branches operated in Armenia. According to
data of the Central Bank of Armenia (CBA), as of the indicated date
the actual authorized capital of these banks made 116 bln 486 mln
544 thousand drams (over 340 mln 524 thousand USD), growing by 45.4%
in a year and by 18.4% in the fourth quarter of 2007. The overall
balance capital of the banks made 171 bln 813 mln 689 thousand drams
as of December 31, 2007, growing by 43% in a year and by 15.8% in
the fourth quarter of 2007.
The overall liabilities of Armenian commercial banks amounted to
592 bln 576 mln 251 thousand drams as of December 31, 2007, growing
by 46.6% in a year and by 14.9% in the fourth quarter of 2007. The
same indices with respect to overall assets made 764 bln 389 mln 939
thousand drams, 45.7% and 15.1%.
As of December 31, 2007, standard credist and debts made up 97.6%
of the commercial banks’ overall credits and bill receivable of a
total of 480 bln 300 mln 286 thousand drams.
The total amount of credits, deposits, sums provided by leasing and
factoring by banks to residents made 434 bln 461 mln 634 thousand drams
as of December 31, 2007, growing by 78.5% in a year and by 16.1% in
the fourth quarter of 2007. Sums of 56 bln 267 mln 153 thousand drams
were allocated to industry, they grew by 43.3% in a year and by 2.8%
in the fourth quarter of 2007; sums of 22 bln 374 mln 428 thousand
drams were allocated to agriculture, they increased by 57.6% in a year
and by 17.8% in the 4th quarter of 2007; the same indices with respect
to construction made 22 bln 33 mln 520 thousand drams, 90.9% and 26.7%
respectively; the indices with respect to transport and communication
made 5 bln 848 mln 986 thousand drams, 49.3% and 32.6% respectively.
Sums provided by Armenian banks to the trade sector in 2007 made 86
bln 791 mln 176 thousand drams, growing by 75.1% in a year and by
14.9% in the 4th quarter of 2007. Sums of 22 bln 298 mln 105 thousand
drams were provided to the financial sector of the economy, they grew
by 45.4% in a year and by 7.2% in the 4th quarter of 2007. Consumer
credits amounted to 123 bln 606 mln 735 thousand drams, growing by
80.7% in a year and by 19.9% in the 4th quarter of 2007. The same
indices with respect to mortgage crediting made 53 bln 367 mln 307
thousand drams, 124.5% and 16.1%; the indices with respect to other
sectors made 41 bln 874 mln 224 thousand drams, 140.2% and 38.1%.
As of December 31, 2007, the gross incomes of the commercial banks
made 114 bln 222 mln 447 thousand drams – against 86 bln 511 mln 114
thousand drams as of the same date in 2006. As of the indicated dates,
the gross expenditures made 87 bln 738 mln 734 thousand drams and
65 bln 470 mln 356 thousand drams respectively; the net profit – 21
bln 98 mln 710 thousand drams and 16 bln 870 mln 490 thousand drams,
the undistributed profit – 21 bln 43 mln 710 thousand drams and 16
bln 290 mln 499 thousand drams respectively.