RISK MANAGEMENT PRIORITY FOR ARMENIAN BANKING SYSTEM IN 2011
PanARMENIAN.Net
February 21, 2012 – 14:22 AMT
PanARMENIAN.Net – Chairman of the Union of Banks of Armenia assessed
2011 as a productive year with stable growth recorded in Armenia’s
banking system.
According to Ashot Osipyan, total capital of the Armenian banking
system increased by 14% (AMD 44,8 bln.) to total AMD 375 bln.
“Growth momentum shows that capital increase was ensured at the
expense of surge in profit as well as at the expense of shareholders’
investments at the amount of AMD 30 bln.,” he told a resulting press
conference on February 21.
Mr. Osipyan noted 32,3% (AMD 506,6 bln.) growth in assents of the
Armenian banking system, with commitments also increasing by 37,3%
(AMD 461 bln.) to total over AMD 1,6 trillion.
In terms of deposits, 36% (AMD 276,5 bln.) increase was registered
in the system at the expense of means provided by both legal and
physical persons. 34% growth was observed in the volume of credit
investments which grossed over AMD 1,3 bln. by yearend. According
to the banker, significant funds were aimed at financing trade,
agriculture, construction as well as fields of industry sector.
Dwelling on return on assets (ROA) indices in 2011, Mr. Osipyan noted
that it totaled 2,36%, with return on equity (ROE) rate grossing
12,55%.
Summarizing outcomes of 2011, chairman of the Union of Banks of
Armenia noted risk management as the key task of the banking sector.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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