Financial Outcomes of 2019

Based on the results of 2019, Evocabank has recorded a significant increase in all key financial indicators.

Financial Outcomes of 2019

The Bank’s total assets have equaled AMD 165.1 bn, having increased by 27% since the start of the year.

The Bank’s loan portfolio has grown by 28% - amounting to AMD 101.6 bn.

The Bank's total liabilities have grown by 34% and amounted to AMD 135.5 bn. Amounts due to customers have grown by 35% amounting to AMD 100.1 bn which is 26.0 bn higher than the number of the year-start.

Based on the results of 2019, Evocabank’s net profit is AMD 1.74 bn - 59% more than the indicatior of the same period of 2018.

The Bank’s regulatory total capital is AMD 33.7 bn which exceeds the Central Bank requirement by AMD 3.7 bn.

The Bank’s capital adequacy ratio is 21%, 9% more than the minimum level set by the Central Bank.

The Bank’s overall liquidity ratio is 21.9% versus the 15% minimum requirement set by the Central Bank, while the current liquidity is 142.6%, which is 2.5 times more than required.

The number of Evocabank’s active customers - legal entities and individuals, has increased by 66%, while the number of cards issued by the Bank has increased by 83%, exceeding 120,000.

Evocabank is named The Best Consumer Digital Bank in Armenia for the 3-rd year in a raw by Global Finance magazine.