Annual Report 2019

Central Bank of the Republic of Armenia Notes to the 2019 consolidated financial statements 12. Placements and investments with banks and other financial institutions (continued) Placements with banks and other financial institutions in foreign currency (continued) An analysis of changes in the gross carrying value and corresponding ECL in relation to Placements with banks and other financial institutions in foreign currency during the year ended 31 December 2018 is as follows: In thousands of Armenian Drams Stage 1 Total Placements with banks and other financial institutions in foreign currency Gross carrying value as at 1 January 2018 New assets originated or purchased Assets repaid At 31 December 2018 338,451,346 343,301,206 338,451,346 343,301,206 (333,600,418) (333,600,418) 348,152,134 348,152,134 Stage 1 Total In thousands of Armenian Drams Placements with banks and other financial institutions in foreign currency ECL as at 1 January 2018 New assets originated or purchased Assets repaid Changes to models and inputs used for ECL calculations At 31 December 2018 102,692 1,730 102,692 1,730 (17,865) (17,865) (1,280) (1,280) 85,277 85,277 Placements and investments with banks and other financial institutions in domestic currency In thousands of Armenian Drams 31 December 2019 31 December 2018 Placements and investments with banks and other financial institutions in domestic currency Loans to resident financial institutions under arrangement with the KfW, the World Bank, Asian Development Bank and European Investment Bank Repurchase agreements and other overnight facilities 127,976,053 127,837,551 126,669,774 163,433,113 Mortgage refinancing 90,373,958 76,566,659 Deposits and current accounts placed in commercial banks 63,926,423 50,942,450 Investments measured at amortised cost 24,082,487 24,090,275 Other loans 3,447,368 3,579,296 Impairment allowance (2,593,195) (2,801,183) Total placements and investments with banks and other financial institutions in domestic currency 433,882,868 443,648,161 Concentration of placements and investments with banks and other financial institutions in domestic currency As at 31 December 2019 placements with two banks had balances individually exceeding 10% of total placements with banks and other financial institutions denominated in domestic currency (31 December 2018: two banks). The Group accepted securities on reverse repurchase agreements as collateral, which the Group is permitted to sell or repledge. As at 31 December 2019 amounts receivable under reverse repurchase agreements are with 6 resident bank (31 December 2018: 10 resident banks) and are collateralised by the following securities: In thousands of Armenian Drams Treasury bonds of the Government Eurobonds issued by the Government Corporate bonds Total Fair value as at 31 December 2019 116,749,671 5,354,434 10,350,452 132,454,557 Fair value as at 31 December 2018 151,182,668 12,126,785 6,869,766 170,179,219 24

View entire presentation