The total capital of banks in Armenia during the first quarter of 2003 increased by 11,2%
Total assets of the banking system of Armenia on March 31, 2003 amounted to 228.3 billion drams, down compared with the beginning of the year at 0.3 percent. This was reported in a brief review of the Central Bank of Armenia on the activities of Armenian banks for the I quarter of 2003. According to a survey of the Central Bank, the portfolio of government securities on March 31, 2003 amounted to 30.2 billion drams, a decrease compared with the beginning of the year at 2.1 percent., Other securities amounted to 2.8 billion drams, down 33.8 percent.
The value of total liabilities of the banking system of Armenia in the first quarter of 2003 decreased by 2,8 percent. and amounted to 179.8 billion drams.
Net profit of the banking system of Armenia on March 31 amounted to 861.3 million drams. According to the Central Bank, during this period, the value received by banks profit before tax exceeded 1.1 billion drams.
The total capital of banks in Armenia during the first quarter of 2003 increased by 11,2 percent., Amounting to 31 March 45.7 billion drams. According to the Central Bank, effectively staffed share capital of the banking system of Armenia during this period increased by 13,7 percent. to about 36.4 billion drams. Moreover, the participation of residents in the capital of Armenian banks declined by 5.4 percent. compared with the beginning of the year, reaching about 16 billion drams.
Information: Today in Armenia are 24 banks and 229 branches.
