Financial Outcomes of the First Half of 2020

Based on the results of the first half of 2020, the Bank’s total assets equal AMD 188.2 bln, having increased by 14% since the start of the year.

Bank’s loan portfolio is up by 10%, its total amount is AMD 112.2 bln.

Bank has expanded its liabilities by 14% increasing them to AMD 155.0 bln. The bank has expanded its time and demand liabilities to customers by 9%, reaching AMD 108.8 bln.

Bank’s total capital equals AMD 33.1 bln, having increased by 12% since the start of the year.

Based on the results of the first half of the year, the Bank’s net profit equals AMD 1.01 bln, 16% more than the indicatior of the same period of 2019.

Bank’s regulatory total capital equals AMD 35․4 bln, which exceeds the Central Bank requirement by AMD 5․4 bln.

Bank’s capital adequacy ratio is 20.3%, which is 2.3 times more than the size of the minimum level set by the Central Bank.

Bank’s overall liquidity ratio is 21.8% versus the 15% minimum requirement set by the Central Bank, while the current liquidity is 136.5% , which is 2.3 times more than the required ratio.

The number of Bank’s active customers legal entities and individuals is up by 9.5%, while the number of cards issued by the Bank has increased by 13%, approaching 140,000.

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