ARKA Agency Publishes Quarterly Bulletin On Armenian Banks’ Indicato

ARKA AGENCY PUBLISHES QUARTERLY BULLETIN ON ARMENIAN BANKS’ INDICATORS BY END OF Q1 2008

ARKA
May 12, 2008

YEREVAN, May 12. /ARKA/. The ARKA News Agency has published its
quarterly bulletin on Armenian banks’ performance indicators recorded
by the end of the first quarter 2008.

The bulletin is based on banks’ financial reports published in the
press, as well as on additional information provided by the banks.

The "Performance indicators of Armenian banks" bulletin includes about
80 pages of tables and ten sections dealing with the banking system –
1. General description of banks, 2.Assets, 3. Liabilities, 4. Asset
and liability transactions of banks with non-residents 5. Capital, 6.

Profit/Losses, 7. Money flow information 8. Liquidity and
capitalization level 9. Risk norms and 10. Bank profitability and
yield indicators.

The information contained in the bulletin is sufficient for forming an
idea of the financial state of Armenia’s banks and making a comparative
analysis of their performance.

The ARKA News Agency founded on May 1 1996 specializes in financial,
economic and political information. ARKA started publishing the
bulletin "Credit organizations of Armenia" is 1999 and the quarterly
bulletin "Financial indicators of banks" in May 2006. The bulletins
are based on independent annual audits.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS