ARKA publishes its ratings of Armenia’s banks as of end of 4th q 2007

YEREVAN, January 31. /ARKA/. ARKA information agency published the ratings of activities of Armenia’s banks as of the end of the 4th quarter 2007.

The bulletin is made based on unified financial reports of the banking organizations published in the press, as well as on additional information provided by the banks.

The bulletin “indicators of activities of Armenian banks” contains 80 pages of tabular information on banking indicators and has the following 10 main sections describing the banking system: 1. Main characteristics of banks, 2. Assets, 3. Obligations, 4. Active and passive transactions of banks with non-residents, 5. Capital, 6. Profit/Losses, 7. Information about financial flows, 8. Level of capitalization and liquidity, 9. Standard risk indicators and 10. Indicators of banks’ profitability and yield.

The information in the bulletin provides the general picture of the financial state of Armenia’s banks and gives an opportunity to make comparative analysis of their activities.

ARKA information agency has operated since May 1 1996 and specializes in financial, economic and political information. The agency has issued its quarterly bulletin “Indicators of the activities of Armenian banks” since 1999 and “Crediting organizations of Armenia” quarterly bulleting since March 2005.

Since May 2006 ARKA agency has issued “Financial indicators of banks” as per the data of annual independent audits. –0—