Sat, 2 August
31.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Liabilities of banking system increased by 4.79%

YEREVAN, June 1. /ARKA/. Total liabilities of the banking system of Armenia were 1122.3 billion drams as of March 31 compared with the beginning of the year – 51.3 billion drams or 4.79% (increase within one year – 25.03%).

By the volume of total liabilities the leader became AGBA Credit Agricole Bank – 138.2 billion drams which was increased by 10% in the first quarter. Its share makes 12.32% of total liabilities of the banking system of Armenia.

HSBC Bank Armenia occupies the second place – 120.8 billion drams (10.76% of total liabilities of the banking system), the next is Bank VTB (Armenia) – 99.8 billion drams (8.89%), Armbusinessbank – 99.1 billion drams (8.83%) and Unibank – 91.8 billion drams (8.18%). About 49% of all liabilities of the banking system are concentrated in these leading banks.

By the increase of liabilities in the reporting period the following banks became leaders: Biblos Bank Armenia – change in the first quarter by 48.95% up to 13.7 billion drams, Bank Mellat – 34.33% up to 9.1 billion drams and Bank Prometey – 31.35% up to 15.5 billion drams.

There are 22 banks and 387 branches functioning in Armenia as of March 31, 2010. ($1 – 379.04 drams).  –0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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

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