Tue, 29 July
24.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian commercial banks report 4.5% total assets growth in Q1

YEREVAN, April 23. /ARKA/. Armenian commercial banks said their total assets in the first quarter of 2010 grew by 4.5% to 1.418.2 trillion Drams. According to their preliminary reports for the first three months, their total liabilities were up by 4.8% to 1.122.3 trillion Drams and their aggregate capital grew by 3.4% from the beginning of the year to 295.9 billion Drams.

An analysis conducted by ARKA has revealed that the banks’ credit investments grew by 6.9% to 783.4 billion Drams, while their customer commitments grew by 6.7%. to 770.8 billion Drams. The banks earned in net profits 6.8 billion Drams in Q1. The figure represents a 535.7% rise from the same time period last year. At the end of March there were 22 commercial banks in Armenia. ($1 – 390.33 Drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

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.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

LATEST NEWS

spot_imgspot_imgspot_img