Investment in Armenian Commercial Banks Grows by 10% to 82.12%

LEVEL OF INVESTMENT ACTIVITIES OF ARMENIAN COMMERCIAL BANKS GROWS BY
10% AND MAKES 83,12% AS OF JUNE 30

Yerevan, July 29. ArmInfo. The level of investment activities grew by
5,6% in the first half of 2006, by 10% in a year and made 83,12% as
of June 30.

According to ArmInfo ranking of the Armenian commercial banks, this
indicator grew by 12,89 % in the course of the last three years.

In the period under review, the volume of the sources attracted by the
commercial banks made AMD 267.9 billion. Besides, taking into account
the total obligations of the commercial banks, the sources they
allocated made 70,9% and the grater part of these sources were
directed to crediting the physical entities. According to the experts,
in fact, the commercial banks finance the development of the Armenian
economy, including the agricultural spheres.

According to the level of investment activities, ACBA Bank occupies
the leading position securing 194,21% or AMD 13.8 billion as of June
30, 2006. The bank made AMD 26.9 billion of crediting investments,
including 63,2% for crediting the economy and 36,1% for crediting
physical entities. ACBA Bank manages to effectively allocate the
sources in the given spheres, securing profits for many years
already. According to the level of investment activities, the five
leading Armenian commercial banks are as follows: ArmSwissBank(174,7%
or AMD 1.5 billion), "Ararat" Bank(173,5% or AMD 1.5 and 2.7 billion),
Artsakhbank(165,1% or AMD 9.8 and 16.1 billion) and "Prometey" Bank
(122,3% or AMD 2.7 and 3.3 billion). BTA Investbank secured the
highest level of investment activities that made 982,6%. This great
difference is conditioned by the fact that "BTA Investbank" entered
the Armenian commercial bank in the second quarter of 2005 by
purchasing the 48,9% of the Mezhinvestbank shares. The lowest level of
investment activities was secured by "HSBC Bank Armenia" (39,0% or AMD
23 billion).

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