Armenian Banking System’s Net Outflow Totals 15.5 Bln Drams
16.05.2008,
02:33
Armenian banking system’s net outflow totaled 15.5bln drams (about $50/4mln). According to interim financial reports of the first quarter (Q1) of 2008, demand balance and equal funds of commercial banks amounted to 141bln drams on March 31, 2008 against 1
YEREVAN, May 15. /ARKA/. Armenian banking system’s net outflow totaled 15.5bln drams (about $50/4mln). According to interim financial reports of the first quarter (Q1) of 2008, demand balance and equal funds of commercial banks amounted to 141bln drams on March 31, 2008 against 156.5bln earlier this year.
At the same time, net outflow of banking operations totaled 24.3bln drams in the reporting period. Net outflow in investments was 3.9bln drams, while net inflow amounted to 11.1bln drams.
Currency fluctuations had a positive impact (1.6bln drams) on cash means and their equivalents.
In Q1, the VTB Bank (Armenia) ranked first among Armenian banks with attracted funds and their equivalents which increased by 3.6bln drams to 15bln drams. The Armimpexbank trails on 4.6bln drams (1bln drams increase).
The HSBC Bank Armenia ranked number one with demand balance (19.1bln drams), the Ardshininvestbank trailing on 18.9bln drams.
A recent analysis show that net outflow of 15 local banks totaled 21.3ln drams in Q1. Net positive flow of seven banks amounted to 5.8bln drams. ($1 – AMD 308.95) –0--
At the same time, net outflow of banking operations totaled 24.3bln drams in the reporting period. Net outflow in investments was 3.9bln drams, while net inflow amounted to 11.1bln drams.
Currency fluctuations had a positive impact (1.6bln drams) on cash means and their equivalents.
In Q1, the VTB Bank (Armenia) ranked first among Armenian banks with attracted funds and their equivalents which increased by 3.6bln drams to 15bln drams. The Armimpexbank trails on 4.6bln drams (1bln drams increase).
The HSBC Bank Armenia ranked number one with demand balance (19.1bln drams), the Ardshininvestbank trailing on 18.9bln drams.
A recent analysis show that net outflow of 15 local banks totaled 21.3ln drams in Q1. Net positive flow of seven banks amounted to 5.8bln drams. ($1 – AMD 308.95) –0--
