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YEREVAN. - Under the International Financial Reporting Standards (IFRS), the total profitability of the Armenian banks constituted 17.7 bln AMD ($37 mln) in 2015, the 2015 report on financial stability, published by the Central Bank of Armenia (CBA) reads.

The return on assets and equity (RoA, RoE) was 0.5 and 3.5 percent respectively.  

But according to the more conservative CBA standards, the banking system worked at a loss of 20.7 bln AMD: 15 banks worked at a profit, the work of 7 of them being at a loss.

RoA and RoE indexes constituted -0.6 and -4.3 percent respectively (while last year they made up 0.7 and 4.5 percent).

The RoA dropped due to the reduction of the recoverability of loan portfolio and growth of investment of borrowings.

In 2015, the share of the non-performing loans and accounts receivable in the banking system of Armenia grew by 1 percentage point or up to 7.4 percent. 

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