By 2017 ACBA-Credit Agricole Bank retained its position among TOP-3  in terms of total capital and among TOP-5 in terms of assets and  liabilities 

ArmInfo. A traditional leader on the agricultural lending market, ACBA-Credit Agricole Bank retained its position among TOP-3 in terms of total capital and among  TOP-5 in terms of assets and liabilities by 1 Jan 2017. According to  ArmInfo's Express Ranking of the Armenian Banks, the total capital of  ACBA-Credit Agricole Bank amounted to 56.8 bln AMD or $117.4 mln (up  5.8% versus a year before). The accumulated profit and revaluation  reserve grew by 14.8% and 29.4%, respectively, while the authorized  capital and general reserve remained unchanged - 30 bln AMD and 4.6  bln AMD, respectively. In 2016 the total regulatory capital increased  by 5.4% to 48.4 bln AMD. In 2011 the Bank doubled its authorized  capital, using the major part of the accumulated profit and the share  premium for that. 

In 2016 the Bank's assets grew by 4% to 283.8 bln AMD or $586.5 mln,  with 175 bln AMD of this amount being concentrated in the loan book  (including leasing), 51.3 bln AMD - in disposable funds and on  correspondent accounts in the Central Bank (up 21.3%), about 26 bln  AMD - in the portfolio of government bonds (up 41%).

The general obligations of the Bank grew by 3.6% to 227 bln AMD or  $469.1 mln due to similar growth in the customers' time deposits and  call liabilities to 136.2 bln AMD ($281.4 mln) and 4.4% growth in the  attracted interbank loans to 87.8 bln AMD ($181.4 mln). In terms of  the loans attracted from international financial institutions the  Bank retained its position among the TOP-5. 

The assets of the Bank had higher growth rates than the liabilities;  therefore, the financial result for 2016 rose from negative 40 mln  AMD to positive 2.2 bln AMD. In particular, non-interest revenues  increased by 26.3%, while the non-interest expenditures grew by  10.7%. The fee revenues rose by 9%, while the fee expenditures were  up 38.5%; the operating income and expenses grew 2-2.3-fold, while  administrative expenses dropped by 7.7%. In the meantime, interest  revenues and expenditures fell by 2% and 9.5%, respectively. 

As of 1 Jan 2017, the capital adequacy ratio of ACBA-Credit Agricole  Bank made up 19.21% (N1, versus the required min 12%), overall  liquidity - 29.42% (N2/1, versus the required min 15%), current  liquidity - 219.75% (N2/2, versus the required min 60%). A year  before, as of 1 Jan 2016, the Bank's indices were as follows N1 -  16.55%, N2/1 - 28.49%, N2/2 - 218.7%.

To recall, "ACBA-CREDIT AGRICOLE BANK" CJSC has been operating in  Armenia since 1995.  Since September 2006, the majority shareholders  of the Bank have been Credit Agricole S.A. (15.56%) and SJSC "Sacam  International" (part of Credit Agricole S.A - 12.44%).  Along with  them, 10 agricultural cooperative unions hold shares in the capital  of ACBA-CREDIT AGRICOLE BANK. By the coverage of the branch network  and the number of regional branches, the Bank holds the second  position. ACBA-CREDIT AGRICOLE BANK traditionally retains leadership  in terms of agricultural loans - about 40% of the total loan book of  the Bank. In the aggregate agricultural loans of the banking system  the share of ACBA-CREDIT AGRICOLE BANK is the biggest - over 53%.  However, the Bank does not restrict its activities to the agrarian  sector, actively financing such sectors as SMEs, industry, trade. It  also retains leadership in retail lending.