Sun, 6 April
6.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Central Bank of Armenia pledges support to banks in merging

YEREVAN, November 4. /ARKA/. The Central Bank of Armenia is ready to support banks in their efforts to merge, Arthur Javadyan, chairman of the Central Bank said Tuesday in an interview with ARKA News Agency.

“Welcoming merger, we are ready to support banks actively, if they appeal to the Central Bank with such an initiative.”

Javadyan said that the Central bank possesses no official information about establishment of a new bank and/or functioning banks’ merger.

“But such a thing can happen later, since talks about negotiations over possible mergers are going outside of the Central Bank,” Javadyan said in its interview.

Twenty two banks with their 378 branches function in Armenia now.

The Central Bank of Armenia says in its quarterly review of banks’ activities that banks’ aggregate assets reached AMD 1230.5 billion by late September after growing10.1% or by AMD 112.8 billion over the third quarter.

Their total capital grew 3.4% or by AMD 8.5 billion to AMD 258.3 billon. ($1=AMD 386.47).M.V.-0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img