YEREVAN, June 28, /ARKA/. In the first quarter of 2010 an average Armenian bank employee secured 803,000 Drams in income or about $2,100 (the average exchange rate of one USD in the first six months of the year was 384.08 Drams).
These figures were received by ARKA new agency after analyzing the financial statements of local commercial banks for the first quarter of the year.
The average monthly income earned by an employee was 267,700 Drams (about $696). The average share of assets falling on a bank employee was 168.4 million Drams or about $438,500. On March 31 there were 22 commercial banks in Armenia with 8,421 employees. In the first quarter all commercial banks earned a total of 6.765. billion Drams in profit or $17.6 million.
The largest amount of income secured by an employee was earned by Armswissbank—3.5 million Drams ($9,100), or $3000 a month. The share of its assets falling on an employee totaled 470 million Drams or $1.2 million. Bank Mellat was the second in terms of personnel management efficiency. An employee of the bank secured an average income of 2.6 million Drams or $6,700. Third was HSBC Bank Armenia – 2.560 million Drams or ($6,670. Among the leaders were also Armenian Development Bank-2.4 million Drams or $6,300 and Ameriabank-2.3 million Drams or about $6,000. two banks reported losses. -0-
