union of banks of armenia yerevan, republic of armenia, january 2007 armenian banking area...
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Union of Banks of ArmeniaUnion of Banks of Armenia
Yerevan, Republic of Armenia, January 2007Yerevan, Republic of Armenia, January 2007
Armenian Banking AreaArmenian Banking AreaDevelopments and TrendsDevelopments and Trends
Figures as at 01 Figures as at 01 January,January, 200 20077
General Descriptive FiguresGeneral Descriptive Figures
Total Capital –Total Capital – € 0.251 billion€ 0.251 billion
Total Assets –Total Assets – € 1.137 billion€ 1.137 billion
Total loans –Total loans – € 0.53 billion€ 0.53 billion
Total Liabilities –Total Liabilities – € 0.886 billion€ 0.886 billion
Total Deposits of Physical persons - Total Deposits of Physical persons - € 0.302 € 0.302
billionbillion
Total number of banks –Total number of banks – 2121
Number of Branches –Number of Branches – 298 298
Total staff –Total staff – 56945694Union of Banks of ArmeniaUnion of Banks of Armenia
Key IndexesKey IndexesTotal ViewTotal View
Profitability IndexesProfitability Indexes
RReturn on eturn on AAssetsssets (ROA) – 3.13% (ROA) – 3.13%
RReturn on eturn on EEquityquity (ROE) – 14.2% (ROE) – 14.2% CapitalizationCapitalization IndexesIndexes
Total Capital/Total Assets – 22.08Total Capital/Total Assets – 22.08
Total Capital/Liabilities – 28.33Total Capital/Liabilities – 28.33
Union of Banks of ArmeniaUnion of Banks of Armenia
98
5143
27
16 16 148 8 4 4 3 2 2 1 1
0
30
60
90
120V
TB
Ba
nk
(A
rme
nia
)
AR
DS
HIN
INV
ES
TB
AN
K
Arm
ec
on
om
ba
nk
Un
iba
nk
AC
BA
-Cre
dit
Ag
ric
ole
Ba
nk
Co
nv
ers
e B
an
k
Art
sa
kh
ba
nk
An
eli
k B
an
k
Are
xim
ba
nk
Ine
co
ba
nk
ITB
Ara
rat
Ba
nk
BT
A I
nv
es
tba
nk
Pro
me
tey
Ba
nk
Arm
bu
sin
es
sb
an
k
HS
BC
Ba
nk
Arm
en
ia
Nu
mb
er o
f B
ran
ches
Banks with BranchesBanks with Branches
• Average number of branches for one bank – 14Average number of branches for one bank – 14• Number of banks without branches - 5 Number of banks without branches - 5
Union of Banks of ArmeniaUnion of Banks of Armenia
976 927
622
427 422 393 356275 217 185 181
101 99 88 80 75 72 57 53 49 30
0
300
600
900
1200A
RD
SH
ININ
VE
ST
BA
N
VT
B B
an
k (
Arm
en
ia)
Arm
ec
on
om
ba
nk
An
eli
k B
an
k
AC
BA
-Cre
dit
Ag
ric
ole
Un
iba
nk
Co
nv
ers
e B
an
k
Art
sa
kh
ba
nk
Ine
co
ba
nk
HS
BC
Ba
nk
Arm
en
ia
Are
xim
ba
nk
ITB
Arm
bu
sin
es
sb
an
k
Ara
rat
Ba
nk
BT
A I
nv
es
tba
nk
Pro
me
tey
Ba
nk
AD
B
Arm
Sw
iss
Ba
nk
Ca
sc
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an
k
Arm
imp
ex
ba
nk
Me
lla
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an
kNu
mb
er o
f E
mp
loye
es
Banking Staff DevelopmentsBanking Staff Developments
Total number of staff - Total number of staff - 56945694 Average number of staff for one bank – Average number of staff for one bank – 271271 Average profit on one employee - Average profit on one employee - € 7,851€ 7,851
Average assets on one employee – Average assets on one employee – € 199,684€ 199,684 Administrative expenses share in total expenses – Administrative expenses share in total expenses – 61%61%
Banking Staff Integrative IndexesBanking Staff Integrative Indexes
Union of Banks of ArmeniaUnion of Banks of Armenia
Banking Area Development Banking Area Development TrendsTrends
63.3
97.3
178.1
250.8
0
50
100
150
200
250
300
To
tal C
apit
al (
mln
Eu
ro)
2003 2004 2005 2006
Total CapitalTotal Capital
Union of Banks of ArmeniaUnion of Banks of Armenia
Banking Area Development Banking Area Development TrendsTrends
409.9
559.6
847.4
1136.7
0
200
400
600
800
1000
1200
To
tal A
ssets
(m
ln E
uro
)
2003 2004 2005 2006
Total AssetsTotal Assets
Union of Banks of ArmeniaUnion of Banks of Armenia
171.03
225.2
382.5
531.7
0
100
200
300
400
500
600
To
tal L
oan
s (
mln
Eu
ro)
2003 2004 2005 2006
Total LoansTotal Loans
Union of Banks of ArmeniaUnion of Banks of Armenia
Banking Area Development Banking Area Development TrendsTrends
41.4
57.7
120.9
190.4
0
20
40
60
80
100
120
140
160
180
200
To
tal S
ecu
riti
es (
mln
Eu
ro)
2003 2004 2005 2006
Total Acquired SecuritiesTotal Acquired Securities
Union of Banks of ArmeniaUnion of Banks of Armenia
Banking Area Development Banking Area Development TrendsTrends
0.8
21.3
29.5
44.7
0
5
10
15
20
25
30
35
40
45
Bal
ance
Pro
fit
(mln
Eu
ro)
2003 2004 2005 2006
Balance ProfitBalance Profit
Union of Banks of ArmeniaUnion of Banks of Armenia
Banking Area Development Banking Area Development TrendsTrends
Presentation of Separate BanksPresentation of Separate Banks
Union of Banks of ArmeniaUnion of Banks of Armenia
ACBAACBA--Credit AgricolCredit Agricolee Bank CJSC Bank CJSC
Total Capital –Total Capital – € 38.2 mln€ 38.2 mln
Assets –Assets – € 110.3 € 110.3 mlnmln
Loans –Loans – € € 68 mln68 mln
Securities Acquired –Securities Acquired – € € 15.8 15.8
mlnmln
Liabilities –Liabilities – € € 72.1 mln72.1 mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 21.3 mln€ 21.3 mln
Branches –Branches – 1616
Employees –Employees – 422422
25.236.9
66.6
110.3
0
20
40
60
80
100
120
Tota
l Ass
ets
(mln
Eur
o)2003 2004 2005 2006
ACBA ACBA AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
Anelik Bank Anelik Bank LLtd. td.
Total Capital –Total Capital – € 10.06 mln€ 10.06 mln
Assets –Assets – € 61.8€ 61.8 mln mln
Loans –Loans – € 29.9€ 29.9 mln mln
Securities Acquired –Securities Acquired – € 0.7€ 0.7
mlnmln
Liabilities –Liabilities – € 51.8€ 51.8 mln mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 14.2 mln€ 14.2 mln
Branches –Branches – 88
Employees –Employees – 427427
20.727
45.2
61.8
0
10
20
30
40
50
60
70
Tota
l Ass
ets
(mln
Eur
o)2003 2004 2005 2006
AnelikAnelik BankBank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
Ararat Bank CJSCArarat Bank CJSC
Total Capital –Total Capital – € 8.01 mln€ 8.01 mln
Assets –Assets – € 17.8 € 17.8 mlnmln
Loans –Loans – € 6.1€ 6.1 mln mln
Securities Acquired –Securities Acquired – € 7€ 7
mlnmln
Liabilities –Liabilities – € 9.84 € 9.84 mlnmln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 0.57 mln€ 0.57 mln
Branches –Branches – 33
Employees –Employees –8888
8 7.5
17.8
0
5
10
15
20
To
tal A
sset
s (m
ln
Eu
ro)
2004 2005 2006
AraratArarat BankBank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
ArdshininvestbankArdshininvestbank CJSCCJSC
Total Capital –Total Capital – € 23.18 mln€ 23.18 mln
Assets –Assets – € € 144.45 mln144.45 mln
Loans –Loans – € € 65.1 mln65.1 mln
Securities Acquired –Securities Acquired – € € 30.6 30.6
mlnmln
Liabilities –Liabilities – € € 121.3 mln121.3 mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 27.4 mln€ 27.4 mln
Branches –Branches – 5151
Employees –Employees – 976976
30.4
57.9
102.1
144.45
0
20
40
60
80
100
120
140
160
Tota
l Ass
ets
(mln
Eur
o)2003 2004 2005 2006
ArdshininvestbankArdshininvestbank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
AreximbankAreximbank CJSC CJSC
TotalTotal Capital –Capital – € 6.64 mln€ 6.64 mln
Assets –Assets – € 28.5€ 28.5 mln mln
Loans –Loans – € 15.8€ 15.8 mln mln
Securities Acquired –Securities Acquired – € 0.4€ 0.4
mlnmln
Liabilities –Liabilities – € 21.9 € 21.9 mlnmln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 11.5 mln€ 11.5 mln
Branches –Branches – 88
Employees –Employees – 181181
11.4
16.3
26.8
28.5
0
5
10
15
20
25
30
Tota
l Ass
ets
(mln
Eur
o)2003 2004 2005 2006
AreximbankAreximbank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
ArmbusinessbankArmbusinessbank CJSC CJSC
Total Capital –Total Capital – € 5.7 mln€ 5.7 mln
Assets –Assets – € 34.7€ 34.7 mln mln
Loans –Loans – € 12.4€ 12.4 mln mln
Securities Acquired –Securities Acquired – € 6.5€ 6.5
mlnmln
Liabilities –Liabilities – € 29€ 29 mln mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 5.4 mln€ 5.4 mln
Branches –Branches – 11
Employees –Employees – 9999
12.9 14.3
17.8
34.7
0
5
10
15
20
25
30
35
To
tal A
sset
s (m
ln E
uro
)2003 2004 2005 2006
ArmbusinessbankArmbusinessbank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
ArmeconombankArmeconombank OJSCOJSC
Total Capital –Total Capital – € 14.37 mln€ 14.37 mln
Assets –Assets – € 91.8€ 91.8 mln mln
Loans –Loans – € 42.6€ 42.6 mln mln
Securities Acquired –Securities Acquired – € 15.9€ 15.9
mlnmln
Liabilities –Liabilities – € 77.4€ 77.4 mln mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 22.3 mln€ 22.3 mln
Branches –Branches – 4343
Employees –Employees – 622622
26.9
41.6
65.3
91.8
0
20
40
60
80
100
To
tal A
sset
s (m
ln E
uro
)2003 2004 2005 2006
Armeconombank Armeconombank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
ArmenianArmenian DevelopmentDevelopment BankBank OJSC OJSC
Total Capital –Total Capital – € 7.9 mln€ 7.9 mln
Assets –Assets – € 19.3 € 19.3 mlnmln
Loans –Loans – € 9.2€ 9.2 mln mln
Securities Acquired –Securities Acquired – € 4.2€ 4.2
mlnmln
Liabilities –Liabilities – € 11.4€ 11.4 mln mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 5.3 mln€ 5.3 mln
Branches –Branches – 00
Employees –Employees – 7272
16 16.7 15.5
19.3
0
5
10
15
20
To
tal A
sset
s (m
ln E
uro
)
2003 2004 2005 2006
ADBADB AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
ArmimpexbankArmimpexbank CJSC CJSC
Total Capital –Total Capital – € 7.08 mln€ 7.08 mln
Assets –Assets – € 23.6€ 23.6 mln mln
Loans –Loans – € 7€ 7.2 mln.2 mln
Securities Acquired –Securities Acquired – € 10.4 € 10.4
mlnmln
Liabilities –Liabilities – € 16.5€ 16.5 mln mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 1.5 mln€ 1.5 mln
Branches – Branches – 00
Employees –Employees – 4949
19.5 19.7
23.223.6
0
5
10
15
20
25
To
tal A
sset
s (m
ln E
uro
)2003 2004 2005 2006
ArmimpexbankArmimpexbank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
ArmSwissBankArmSwissBank CJSC CJSC
Total Capital –Total Capital – € 6.4 mln€ 6.4 mln
Assets –Assets – € 20.4 € 20.4 mlnmln
Loans –Loans – € 5€ 5.2 mln.2 mln
Securities Acquired –Securities Acquired – € 4.3€ 4.3
mlnmln
Liabilities –Liabilities – € 14€ 14 mln mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 2.6 mln€ 2.6 mln
Branches –Branches – 00
Employees –Employees – 5757
11.3
20.4
0
5
10
15
20
25
To
tal A
sset
s (m
ln
Eu
ro)
2005 2006
ArmSiwissBankArmSiwissBank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
ArtsakhbankArtsakhbank CJSC CJSC
Total Capital –Total Capital – € 8.28 mln€ 8.28 mln
Assets –Assets – € 47.8€ 47.8 mln mln
Loans –Loans – € € 27.7 mln27.7 mln
Securities Acquired –Securities Acquired – € 8€ 8
mlnmln
Liabilities –Liabilities – € € 39.5 mln39.5 mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 5.5 mln€ 5.5 mln
Branches –Branches – 1414
Employees –Employees – 275275
18.6
36.8
4647.8
0
10
20
30
40
50
To
tal A
sset
s (m
ln E
uro
)
2003 2004 2005 2006
ArtsakhbankArtsakhbank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
BTABTA InvestbankInvestbank CJSC CJSC
Total Capital –Total Capital – € 6.8 mln€ 6.8 mln
Assets –Assets – € 19.99€ 19.99 mln mln
Loans –Loans – € 12.6€ 12.6 mln mln
Securities Acquired –Securities Acquired – € 1.7€ 1.7
mlnmln
Liabilities –Liabilities – € 13.2€ 13.2 mln mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 0.6 mln€ 0.6 mln
Branches –Branches – 22
Employees –Employees – 8080
2
10
19.99
0
5
10
15
20
Tota
l Ass
ets
(mln
Eur
o)2004 2005 2006
BTABTA InvestbankInvestbank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
CascadeCascade BankBank CJSC CJSC
Total Capital –Total Capital – € 9.77 mln€ 9.77 mln
Assets –Assets – € 18.4€ 18.4 mln mln
Loans – Loans – € 6.3€ 6.3 mln mln
Securities Acquired –Securities Acquired – € 5.9 € 5.9
mlnmln
Liabilities –Liabilities – € 8.6€ 8.6 mln mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 2.9 mln€ 2.9 mln
Branches –Branches – 00
Employees –Employees – 5353
8.9
13.7
18.4
0
5
10
15
20
To
tal A
sset
s (m
ln
Eu
ro)
2004 2005 2006
CascadeCascade BankBank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
ConverseConverse BankBank CJSC CJSC
Total Capital –Total Capital – € 20 mln€ 20 mln
Assets –Assets – € 74.2€ 74.2 mln mln
Loans – Loans – € 26.5€ 26.5 mln mln
Securities Acquired –Securities Acquired – € 5.7€ 5.7
mlnmln
Liabilities –Liabilities – € 54.2€ 54.2 mln mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 20.1 mln€ 20.1 mln
Branches –Branches – 1616
Employees –Employees – 356356
36
50.1
78.4 74.2
0
10
20
30
40
50
60
70
80
Tota
l Ass
ets
(mln
Eur
o)2003 2004 2005 2006
ConverseConverse BankBank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
HSBCHSBC BankBank ArmeniaArmenia CJSC CJSC
Total Capital –Total Capital – € 15.08 mln€ 15.08 mln
Assets –Assets – € € 167.5 mln167.5 mln
Loans –Loans – € 64.6€ 64.6 mln mln
Securities Acquired –Securities Acquired – € € 40.9 40.9
mlnmln
Liabilities –Liabilities – € € 152.5 mln152.5 mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 78.5 mln€ 78.5 mln
Branches –Branches – 11
Employees –Employees – 185185
95.7 100.8
133.69
167.5
0
20
40
60
80
100
120
140
160
180
To
tal A
sset
s (m
ln E
uro
)2003 2004 2005 2006
HSBCHSBC AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
InecobankInecobank CJSC CJSC
Total Capital –Total Capital – € 12.8 mln€ 12.8 mln
Assets –Assets – € 46.88€ 46.88 mln mln
Loans –Loans – € 25.3€ 25.3 mln mln
Securities Acquired –Securities Acquired – € 4.8€ 4.8
mlnmln
Liabilities –Liabilities – € 34.1 € 34.1 mlnmln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 12.6 mln€ 12.6 mln
Branches –Branches – 44
Employees –Employees – 217217
11.7
17.1
31.6
46.88
0
10
20
30
40
50
Tota
l Ass
ets
(mln
Eur
o)2003 2004 2005 2006
InecobankInecobank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
ITBITB BankBank CJSC CJSC
Total Capital –Total Capital – € 6.3 mln€ 6.3 mln
Assets –Assets – € 11.59€ 11.59 mln mln
Loans –Loans – € 5.6€ 5.6 mln mln
Securities Acquired –Securities Acquired – € 1.2€ 1.2
mlnmln
Liabilities –Liabilities – € 5.3€ 5.3 mln mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 1.6 mln€ 1.6 mln
BranchesBranches –– 44
Employees –Employees – 110110
5.9
7.5
9.8
11.59
0
2
4
6
8
10
12
To
tal A
sset
s (m
ln E
uro
)2003 2004 2005 2006
ITBITB BankBank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
MellatMellat BankBank CJSC CJSC
Total Capital –Total Capital – € 7.7 mln€ 7.7 mln
Assets –Assets – € 19.5 € 19.5 mlnmln
Loans –Loans – € 7.1€ 7.1 mln mln
Securities Acquired –Securities Acquired – € 7 € 7
mlnmln
Liabilities – Liabilities – € 11.8 € 11.8 mlnmln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 5.2 mln€ 5.2 mln
Branches – Branches – 00
Employees –Employees – 3030
8.5
14
16.2
19.5
0
5
10
15
20
To
tal A
sset
s (m
ln E
uro
)2003 2004 2005 2006
MellatMellat BankBank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
PrometeyPrometey BankBank LLC LLC
Total Capital –Total Capital – € 9.08 mln€ 9.08 mln
Assets –Assets – € 17.86€ 17.86 mln mln
Loans –Loans – € 5.9€ 5.9 mln mln
Securities Acquired –Securities Acquired – € 1.6€ 1.6
mlnmln
Liabilities –Liabilities – € 8.8 € 8.8 mlnmln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 3.8 mln€ 3.8 mln
Branches –Branches – 22
Employees –Employees – 7575
PrometeyPrometey BankBank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
6.8
9.6
12.7
17.86
0
5
10
15
20
Tota
l Ass
ets
(mln
Eur
o)
2003 2004 2005 2006
UnibankUnibank CJSC CJSC
Total Capital –Total Capital – € 7.9 mln€ 7.9 mln
Assets –Assets – € 64.7 € 64.7 mlnmln
Loans –Loans – € € 30.9 mln30.9 mln
Securities Acquired –Securities Acquired – € 7.3€ 7.3
mlnmln
Liabilities –Liabilities – € 56.8€ 56.8 mln mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 31.9 mln€ 31.9 mln
Branches –Branches – 2727
Employees –Employees – 393393
UnibankUnibank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
19.5 19.8
36.4
64.7
0
10
20
30
40
50
60
70
Tota
l Ass
ets
(mln
Eur
o)
2003 2004 2005 2006
VTBVTB BankBank (Armenia)(Armenia) CJSC CJSC
Total Capital –Total Capital – € 19.5 mln€ 19.5 mln
Assets –Assets – € 95.36€ 95.36 mln mln
Loans –Loans – € € 57.7 mln57.7 mln
Securities Acquired –Securities Acquired – € € 10.5 10.5
mlnmln
Liabilities –Liabilities – € € 75.9 mln75.9 mln
Total Deposits of Physical Total Deposits of Physical
persons - persons - € 26.7 mln€ 26.7 mln
Branches –Branches – 9898
Employees –Employees – 927927
33
60
77.7
95.36
0
10
20
30
40
50
60
70
80
90
100
To
tal A
sset
s (m
ln E
uro
)
2003 2004 2005 2006
VTBVTB BankBank AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
38
20
2
23
17
9
20
01
2
19
49
6
15
08
1
14
37
3
12
80
7
10
05
6
9 7
72
9 0
76
8 2
77
8 0
09
7 9
24
7 9
17
7 7
31
7 0
84
6 8
00
6 6
45
6 4
00
6 3
16
5 6
77
-
10 000
20 000
30 000
40 000
50 000A
RD
SH
ININ
VE
ST
BA
NK
Co
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e B
an
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VT
B B
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Pro
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-Cre
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Tota
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ap
ital (m
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)
ComparativeComparative ChartChart onon TotalTotal CapitalCapital
Union of Banks of ArmeniaUnion of Banks of Armenia
167
544
144
447
110
278
95 3
55
91 8
10
74 2
43
64 7
19
61 8
16
47 7
95
46 8
83
34 6
91
28 5
18
23 6
05
20 4
27
19 9
86
19 5
47
19 3
33
18 3
92
17 8
63
17 8
43
11 5
90
-
40 000
80 000
120 000
160 000
200 000
HS
BC
Ban
k A
rmen
ia
AR
DS
HIN
INV
ES
TB
AN
K
AC
BA
-Cre
dit
Ag
rico
leB
ank
VT
B B
ank
(Arm
enia
)
Arm
eco
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mb
ank
Co
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Ban
k
Un
iban
k
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Ban
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Art
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ban
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Inec
ob
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Arm
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Are
xim
ban
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Arm
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issB
ank
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vest
ban
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Mel
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Ban
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ank
Pro
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ank
Ara
rat
Ban
k
ITB
Tota
l A
ssets
(m
ln E
uro
)
ComparativeComparative ChartChart onon AssetsAssets
Union of Banks of ArmeniaUnion of Banks of Armenia
SupervisionSupervision InstituteInstituteCentralCentral BankBank ofof ArmeniaArmenia
The average number of CBA staff in 2005 was 532 which is around 9.7% of banking area staff.
The Central Bank of Armenia (CBA) is a legal entity empowered with state The Central Bank of Armenia (CBA) is a legal entity empowered with state functionsfunctions of banking and financial system supervision of banking and financial system supervision. .
Primary goal of the CBA is price stability in the Republic of Armenia. The CBA Primary goal of the CBA is price stability in the Republic of Armenia. The CBA coordinates the primary goal with the Government of Armenia, as stipulated by coordinates the primary goal with the Government of Armenia, as stipulated by the Armenian Law on State Budget, and approved by the National Assembly of the Armenian Law on State Budget, and approved by the National Assembly of Armenia. The CBA itself decides on the strategy of monetary policy it Armenia. The CBA itself decides on the strategy of monetary policy it implements and target (intermediate and operational) indicators that are implements and target (intermediate and operational) indicators that are contained in the monetary policy program and subject to presentation to the contained in the monetary policy program and subject to presentation to the National Assembly. The program outlines the main directions of the monetary National Assembly. The program outlines the main directions of the monetary policy and the monetary instruments which the CBA uses in order to fulfill its policy and the monetary instruments which the CBA uses in order to fulfill its objectives. objectives.
CBACBA is vested with authority to ensure necessary conditions for a stable, liquid, is vested with authority to ensure necessary conditions for a stable, liquid, solvent and normally functioning banking system and defend interest of solvent and normally functioning banking system and defend interest of lenders and depositors.lenders and depositors. The divisional structure of CBA is as follows: The divisional structure of CBA is as follows:
Banking Supervision Department, Banking Methodology and Analyses Banking Supervision Department, Banking Methodology and Analyses Department, Statistics Department and Legal DepartmentDepartment, Statistics Department and Legal Department
Union of Banks of ArmeniaUnion of Banks of Armenia
InternationalInternational TransfersTransfers
Commercial Banks in Armenia are included totally in 12 international Commercial Banks in Armenia are included totally in 12 international transfer sytemstransfer sytems
The key systems available are The key systems available are Western UnionWestern Union, , Money GramMoney Gram, , AnelikAnelik, , UnistreamUnistream, , ContactContact, etc, etc
Total Turnover at 2005: € 0.6 billion (out : € 0.07 billion, in : € 0.5 billion)
Union of Banks of ArmeniaUnion of Banks of Armenia
15
5 5
3 3 3 32 2
1 1 10 0
0
2
4
6
8
10
12
14
16
We
ste
rn
Bis
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ta
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om
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Arm
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Tra
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ST
EF
I
Tota
l n
um
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of
mem
ber
banks
InternationalInternational TransfersTransfers
€ 0.00
€ 50,000,000.00
€ 100,000,000.00
€ 150,000,000.00
€ 200,000,000.00
€ 250,000,000.00U
nis
trie
m
We
ste
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n
An
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k
Mo
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ram
Out
In
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24
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11
23
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93
59
13
64
29
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04
3
22
88
94
19
36
13
25
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1
0
500000
1000000
1500000
2000000
2500000
3000000
3500000
Mo
ney
Gra
m
An
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Un
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Weste
rn
Un
ion
Nu
mb
er
of
Tra
nsfe
rs
Out
In
Transfer VolumesTransfer Volumes
Number of TransfersNumber of Transfers
SWIFTOut - Out - €€ 6.5 billion 6.5 billionIn – In – €€ 6.1 billion 6.1 billion
2005
Union of Banks of ArmeniaUnion of Banks of Armenia
TransfersTransfers of physical persons via RA banks of physical persons via RA banks for non-commercial purposesfor non-commercial purposes
Jan-Dec/Jan-Dec/ 2005 2005 InIn OutOut
RussiaRussia 541308541308 8353783537
USAUSA 8262882628 3067130671
GermanyGermany 1522515225 53465346
Great BritainGreat Britain 98019801 34283428
SwitzerlandSwitzerland 93799379 24902490
FranceFrance 66786678 25602560
TurkeyTurkey 16221622 77777777
UAEUAE 46064606 77757775
UkraineUkraine 59715971 60306030
Other Other 7560075600 4017940179
TotalTotal 752819752819 189793189793
Jan-Dec/ Jan-Dec/ 20062006 InIn OutOut
RussiaRussia 739419739419 107835107835
USAUSA 9449194491 1329513295
GermanyGermany 1073710737 1006810068
Great BritainGreat Britain 87098709 26282628
SwitzerlandSwitzerland 65666566 24632463
FranceFrance 64786478 35813581
TurkeyTurkey 12721272 78467846
UAEUAE 25512551 1004810048
UkraineUkraine 77707770 62286228
Other Other 8293282932 4444444444
TotalTotal 960926960926 208436208436
RussiaRussia USAUSA GermanyGermany Great Great
BritainBritainSwitzerSwitzer
landland FranceFrance TurkeyTurkey UAEUAE UkraineUkraine Other Other TotalTotal
Year Year 20052005 457771457771 5195751957 98799879 63736373 68896889 41184118 -6155-6155 -3169-3169 -59-59 3542135421 563026563026
Year Year 20062006 631584631584 8119681196 669669 60816081 41034103 28972897 -6574-6574 -7497-7497 15421542 3848838488 752490752490
TransfersTransfers - In - In
Figures are Figures are in mln AMDin mln AMD
PlasticPlastic CardsCards inin ArmeniaArmenia
• Armenian Card (AArmenian Card (ArrCCaa):):Armenian Card was established by Central Bank of RA and 10 trade Armenian Card was established by Central Bank of RA and 10 trade banks in March 2000 with the goal of establishment and development banks in March 2000 with the goal of establishment and development a new payment system. a new payment system.
The Company presents service package, which gives an opportunity The Company presents service package, which gives an opportunity to banks to issue and acquire ArCa Classic, ArCa Gold, ArCa Business, to banks to issue and acquire ArCa Classic, ArCa Gold, ArCa Business, ArCa Debit, ArCa Affinity, ArCa Co-branded and ArCa Platinum, using ArCa Debit, ArCa Affinity, ArCa Co-branded and ArCa Platinum, using the modern technical, technologies and software of the processing the modern technical, technologies and software of the processing centre, as well as the Company's professional assistance.centre, as well as the Company's professional assistance.
-Principle members – 17 banks Principle members – 17 banks -The right to issue – 1 bankThe right to issue – 1 bank
• Visa CarVisa Cardd - Principle members- Principle members – 7 banks– 7 banks
• MasterCardMasterCard - Principle members- Principle members – 2 banks– 2 banks - Affiliates – 10 banks- Affiliates – 10 banks
Union of Banks of ArmeniaUnion of Banks of Armenia
Total Plastic Cards in ArmeniaTotal Plastic Cards in Armenia 177,957177,957
Total ATMs and POS-TerminalsTotal ATMs and POS-Terminals90574
75645
11738
0
40000
80000
120000
ArCa Visa MasterCard
1159
168
0
200
400
600
800
1000
1200
POS-Terminal ATM
PlasticPlastic CardsCards20020066
Total plastic cards issuedTotal plastic cards issued in in 20062006::
89,46089,460
Total terminals installedTotal terminals installed in in 20062006::
356356
Transactions at the banks Transactions at the banks operating in Armenia and operating in Armenia and NKRNKR
VolumeVolume € € 196.6 mln196.6 mln
QuantityQuantity 2,316,000 2,316,000 transactionstransactions
Total Total transactionstransactions via ATMs via ATMs
VolumeVolume €€ 129.7 mln129.7 mln
QuantityQuantity 1,838,300 1,838,300 transactionstransactions
4332038551
7589
0
10000
20000
30000
40000
50000
ArCa Visa MasterCard
290
66
0
50
100
150
200
250
300
POS ATM
PlasticPlastic CardsCards20020066
PlasticPlastic CardsCards
Union of Banks of ArmeniaUnion of Banks of Armenia
1436200
898000
158000
0
200000
400000
600000
800000
1000000
1200000
1400000
1600000
Visa ArCa MasterCard
Number of Number of TransactionsTransactions
Total: 2,492,200Total: 2,492,200
20020066
mill
ion E
uro
Volume of TransactionsVolume of Transactions
Total: Total: € 220 € 220 mlnmln
10296
22
0
20
40
60
80
100
120
Visa ArCa MasterCard
UnionUnion ofof BanksBanks ofof ArmeniaArmenia
Union of Banks of Armenia (UBA) is non-commercial union of legal entities, which was Union of Banks of Armenia (UBA) is non-commercial union of legal entities, which was founded in May 1995. Conceptual and continuous goal of UBA is directed to sustaining founded in May 1995. Conceptual and continuous goal of UBA is directed to sustaining of member banks interests. With this task we are working on finding solutions for of member banks interests. With this task we are working on finding solutions for acceptable supervision, legislation, adopting international best practice and innovations acceptable supervision, legislation, adopting international best practice and innovations and in general – building appropriate conditions for sustainable development of banking and in general – building appropriate conditions for sustainable development of banking industry in Armenia.industry in Armenia.
From 21 banks operating in Armenia 19 are members of UBA currently. From 21 banks operating in Armenia 19 are members of UBA currently.
UBA is going on with following tasks:UBA is going on with following tasks: supporting of banking relations development and strengthening, systemizing of supporting of banking relations development and strengthening, systemizing of member banks long term member banks long term projectsprojects implementation, implementation, taking part in creating and expertise of Armenian legislation connected with banking taking part in creating and expertise of Armenian legislation connected with banking and financial activities and financial activities and presenting at National Assembly, and presenting at National Assembly, providing to banks such information as international banking materials, possible providing to banks such information as international banking materials, possible channels of cooperation,channels of cooperation, etc.,etc., supporting in banking innovations, helping banking area to be integrated to supporting in banking innovations, helping banking area to be integrated to international banking system, and international banking system, and capturing of international standards, capturing of international standards, Executive education and trainings for management, Executive education and trainings for management, organization of seminars, conferences and workshops.organization of seminars, conferences and workshops.
Union of Banks of ArmeniaUnion of Banks of Armenia
UnionUnion ofof BanksBanks ofof ArmeniaArmeniaUBA is actively cooperating with Central Bank of Armenia (CBA), National Assembly of RA, UBA is actively cooperating with Central Bank of Armenia (CBA), National Assembly of RA, Government and other state bodies of the Republic of Armenia. The aim of mentioned Government and other state bodies of the Republic of Armenia. The aim of mentioned cooperation is promotion of favorable environment for banking activity. Management of UBA is cooperation is promotion of favorable environment for banking activity. Management of UBA is constantly participating at board meetings of CBA, which allows expressing banking area joint constantly participating at board meetings of CBA, which allows expressing banking area joint opinion concerning discussing questions. Representative of CBA is also constantly taking part opinion concerning discussing questions. Representative of CBA is also constantly taking part in UBA's Board meetings, which allows banks to take into account CBA's position during making in UBA's Board meetings, which allows banks to take into account CBA's position during making decisions. Collaboration with other state bodies is based on necessity concerning separate decisions. Collaboration with other state bodies is based on necessity concerning separate questions.questions.
UBA is also cooperating with various international and local NGO's. Continuous works on UBA is also cooperating with various international and local NGO's. Continuous works on mutual projects are organizing.mutual projects are organizing.
UBA places proper attention to international relations. During 2004 UBA has agreed on mutual UBA places proper attention to international relations. During 2004 UBA has agreed on mutual cooperation with around 15 international banking associations and other banking institutes. cooperation with around 15 international banking associations and other banking institutes. Memorandums of understanding have been signed with Association of Russian Banks (2003), Memorandums of understanding have been signed with Association of Russian Banks (2003), Hellenic Banks Association and Association of Financiers of Kazakhstan. During 2005 UBA Hellenic Banks Association and Association of Financiers of Kazakhstan. During 2005 UBA intended to sign similar memorandums with other associations.intended to sign similar memorandums with other associations.
In summer 2004 UBA applied to European Banking Federation (FBE) for becoming associative In summer 2004 UBA applied to European Banking Federation (FBE) for becoming associative member. In December 2004, reviewing presented application materials FBE Executive Board member. In December 2004, reviewing presented application materials FBE Executive Board has positively approved UBA's application. According to FBE's rules, the final decision of has positively approved UBA's application. According to FBE's rules, the final decision of membership will discussed in 1 April 2005 during 30th FBE Board meeting and UBA approved membership will discussed in 1 April 2005 during 30th FBE Board meeting and UBA approved officially as FBE’s associative member. officially as FBE’s associative member.
FBE has 35 National Banking Associations as its members from all across the Europe, and it FBE has 35 National Banking Associations as its members from all across the Europe, and it represents the interests of over 4,500 banks with over 2 million employees and total assets of represents the interests of over 4,500 banks with over 2 million employees and total assets of over 20 trillion euros. 15 members of FBE are associative members (Russian Federation, Latvia, over 20 trillion euros. 15 members of FBE are associative members (Russian Federation, Latvia, Estonia, Holland,, etc). From CIS countries the only member is Russian Federation.Estonia, Holland,, etc). From CIS countries the only member is Russian Federation.
Union of Banks of ArmeniaUnion of Banks of Armenia
UnionUnion ofof BanksBanks ofof ArmeniaArmeniaOurOur MembersMembers
Union of Banks of ArmeniaUnion of Banks of Armenia
Union of Banks of ArmeniaUnion of Banks of Armenia