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YEREVAN. - The liquidity of Armenian banks grew in 2015. The indexes of overall and current liquidity (specifically correlation of (i) readily obtainable assets against overall assets and (ii) readily obtainable assets against demand liabilities) grew by 2.9 and 13.0 percentage points, constituting 28.0 and 142.4 respectively. This is much higher than the statutory ratio (15.0 and 60.0 percent), the 2015 report on financial stability published by the Central Bank of Armenia (CBA) reads.

The capital adequacy of the banks (correlation of capital against overall actives with consideration of risks) in 2015 grew by 1.7 percentage points, constituting 16.2 percent under the statutory ratio of 12 percent.

The growth of liquidity took place at the expense of the replenishment of the authorized capital and involvement of long-term subordinated loan, as well as reduction of the currency risk.   

Specifically, the overall legal capital of the banks grew by 47.9 percent, constituting 475 bln AMD (slightly less than $1 bln), the capital of Tier 1 constituting 86.2 percent. 

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