SHARE OF FOREIGN CAPITAL IN AUTHORIZED CAPITAL OF ARMENIA’S BANKING SYSTEM GREW FROM 67% TO 68% IN Q1 2010

ArmInfo
30.04.2010

Arminfo. Mar 31 2010 the share of foreign capital in the authorized
capital of Armenia’s banking system grew totalled 132bln AMD
($329.6mln) or 68% against 67% Dec 31 2009 and 65% Mar 31 2009. The
authorized capital of the banking system grew by 2.2% to 192.8bln AMD
($481.4mln) or 67.6% of the total capital.

The press service of the Central Bank of Armenia reports that the
total capital of the banking system grew by 2.5% to 285.4bln AMD
($712.6mln). The share of profit therein made up 24% or 68.9bln AMD
($172mln) – 6.5% growth in Q1 2010. The main reserves grew by 0.3%
to 8.2bln AMD ($20.6mln).

Mar 31 2010 there were 22 commercial banks in Armenia. In Q1 2010
the number of their branches decreased from 391 to 389.