Financial Outcomes of the Third Quarter of 2019
Based on the results of the 3rd quarter of 2019, Evocabank has recorded a significant increase in all key financial indicators.15.10.2019
Based on the results of the 3rd quarter of 2019, the Bank’s total assets have equaled AMD 143,2 bn, having increased by 10% since the start of the year.
The Bank’s loan portfolio has grown by 16% - amounting to AMD 87․4 bn.
The Bank's total liabilities have grown by 12% and amounted to AMD 113․2 bn. Amounts due to customers have grown by 20% amounting to AMD 76․9 bn which is 13.0 bn higher than the number of the year-start.
Based on the results of the 3rd quarter of 2019, Evocabank’s net profit is AMD 1.6 bn - 64% more than the indicatior of the same period of 2018.
The Bank’s regulatory total capital is AMD 32․6 bn which exceeds the Central Bank requirement by AMD 2․6 bn.
The Bank’s capital adequacy ratio is 23%, which is twice the size of the minimum level set by the Central Bank.
The Bank’s overall liquidity ratio is 24․3% versus the 15% minimum requirement set by the Central Bank, while the current liquidity is 158%, which is 2.5 times more than required.
The number of Evocabank’s active customers - legal entities and individuals, has increased by 48%, while the number of cards issued by the Bank has increased by 64%, exceeding 107,000.
Evocabank is named The Best Consumer Digital Bank in Armenia for the 3-rd year in a raw by Global Finance magazine.