TOTAL LIABILITIES OF ARMENIA’S BANKING SYSTEM OVER 1Q, 2009, GREW BY 12,5% TO $2.4 BLN
ArmInfo
2009-05-23 12:49:00
ArmInfo. Total liabilities of Armenia’s banking system over the
first quarter, 2009, grew by 12,5%, and by 41,3% per annum, having
reached 897.7 bln drams ($2.4 bln) by March 31. In the structure
of liabilities, the fixed deposits over 1Q, 2009, grew by 23,2%,
demand liabilities – by 13,8% and the bank correspondent accounts
(loro) – by 42,6%, under 5,1% reduction of bank deposits. The fixed
deposits over a year grew by 34,3%, demand liabilities – by 21%, the
bank deposits and credits – twice and the bank correspondent accounts
(loro) – by 23%.
According to the analysis and ranking of Armenia’s banking system by
the specialists of the Agency of Rating and Marketing Information
(ArmInfo), as of March 31, 2009, 35,7% in the structure of total
liabilities fell on the fixed deposits, 24,7% – on demand liabilities,
16,6% – on bank deposits and credits, and 1,5% – on the bank
correspondent accounts (loro), the absolute value of which made up
320.8 bln drams, 221.3 bln drams, 149.3 bln drams and 13.4 bln drams,
respectively. In total liabilities, the share of the fixed deposits
per quarter grew by 3,1%, the demand liabilities – by 0,3%, the bank
correspondent accounts (loro) – by 0,3%, under 3,1% reduction of the
share of bank deposits and credits in total liabilities.
Growth of demand liabilities over 1Q, 2009 and over a year has been
fixed on 13 banks, and a fall has been fixed on the rest 9 banks. The
three of leaders by the volume of demand liabilities includes
HSBC Bank Armenia (43.9 bln drams), Ameriabank (33.5 bln drams)
and Ardshininvestbank (23 bln drams). Growth on the fixed deposits
over 1Q, 2009 has been fixed on 18 banks, and a fall – on the rest
4 banks. Growth of this indicator over a year has been fixed on 17
banks, and a fall – on the rest 5 banks. The five of leaders by the
volume of fixed deposits includes Ardshininvestbank – 48.7 bln drams,
HSBC Bank Armenia – 46.4 bln drams, Unibank – 44 bln drams, Converse
Bank – 26.3 bln drams and Ameriabank – 20.6 bln drams. By specific
weight of the demand liabilities in total liabilities, Ameriabank
is a leader with 55,4%, and Unibank with 67,2% leads by share of the
fixed deposits in total liabilities.
To note, ProCreditBank is discounted in the annual dynamics of change
of the demand liabilities and fixed deposits since February, 2008,
when it started functioning in the banking market of Armenia.