Wed, 1 October
17.1 C
Yerevan
USD: 382.52 RUB: 4.64 EUR: 449.38 GEL: 140.57 GBP: 514.03

Armenian banks to start rallying in 2010

YEREVAN, January 25. /ARKA/. Ararat Ghukasyan, chairman of the Union of Banks of Armenia, thinks the country has already overcome the 2009 uncertainty caused by the global recession.

He told journalists on Monday that banks would start rallying in 2010.

He said banks have built up their capitals in 2009, and Armenian banking system no longer faces the problem of capitalization.

“Now capitalization is far higher than implied by international norms,” he said.

Ghukasyan singled out improvement of services and enlargement of lending among the national banking system’s objectives.

Answering the question ARKA News Agency put to him, Ghukasyan said he didn’t rule out possibility of mergers.

“I find it normal, but whether it will happen or not is the matter of the future.”

Armenia has 22 banks.

Their assets total AMD 1346.1 billion and liabilities AMD 1059.3 billion.

Their total capital amounts to AMD 286.8 billion.

Armenian banks’ credit investments total AMD 724 billion and liabilities to clients AMD 717.2 billion.

Their 2009 aggregate net profits totaled AMD 15.4 billion after taxation. ($1 = AMD 377.75).  –0–

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

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