TOTAL CAPITAL OF ARMENIA’S BANKING SYSTEM $1BN

TERT.AM
20:10 ~U 31.01.13

Last year, the aggregate capital of Armenia’s banking system totaled
AMD 409.5bn (around $1bn) – an AMD 38.8bn (10.5%) increase as compared
with 2011.

The banking system’s assets totaled AMD 2,412.2bn – an AMD 368.5bn
(18%) increase, Mr Ashot Osipyan, Chairman of the Union of Banks of
Armenia, told journalists on Thursday.

The loans totaled AMD 1,517.9bn – an AMD 264.3bn (21%) increase.

The banking system’s total liabilities reached AMD 2,002.7bn – an
AMD 329.6bn (19.7%) increase.

Mr Osipyan said that the liabilities to clients totaled AMD 187.9bn
(17.9% of the total liabilities).

The profit of Armenia’s banking system totaled AMD 42.7bn in 2012 –
an AMD 5.6bn (15%) increase as compared with 2011.

Twenty-eight new bank branches were opened last year bringing the
number of branches up to 494.

Yield on bank capital was around 11.2%, and return on assets was
around 2%.

The 21 commercial banks operating in Armenia paid AMD 25.8bn as
imposts and taxes in 2012 against AMD 21.6bn in 2011.

From: A. Papazian