Wed, 30 April
11.1 C
Yerevan
USD: 389.45 RUB: 4.78 EUR: 443.12 GEL: 141.62 GBP: 521.16
spot_img

Armenian Banking Sector’s Year-On-Year ROA 2.29% In 3rd Q 2010

YEREVAN, November 8. /ARKA/. Armenian banking sector’s year-on-year return on assets (ROA) was 2.29% in the third quarter of this year against 2.13% by June 30, 2010.

ARKA News Agency’s analysis based on banks’ quarterly financial reports shows that banks’ year-on-year return on equity (ROE) was 10.66% in the third quarter against 10% in late June.

Inecobank, with its 4.29% year-on-year ROA against 4.16% in late June, was the largest profit-gainer among Armenian banks in the third quarter.

The bank ranked third for its 18.36% year-on-year ROE in the 3rd Q against 18.14% in June.

Artsakhbank came first in ARKA News Agency’s ROE ranking (21.86% against 24.43% a quarter earlier), but ranked fifth for its 3.57% ROA against 3.99% in June.

Mellat Bank, with 4.12% year-on-year ROA against 3.46% a quarter earlier, came second.

The bank was placed ninth in the third quarter’s ROE ranking (10.99% against 8.21% three months earlier).

HSBC Bank Armenia was placed second in the ROE ranking (21.15% against 20.6%).

Armenian Development Bank and VTB Bank (Armenia), with their 3.86% and 3.67% year-on-year ROA, ranked fourth and fifth in the third quarter.

VTB Bank (Armenia) and Converse Bank occupied the same positions in the ROE rating (16.13% and 15.31% respectively).

Some 21 commercial banks with their 399 branches function in Armenia.–0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Instruments for supporting SMEs in Armenia were discussed with bankers at the Ministry of Economy

Financial instruments for supporting small and medium-sized businesses (SMEs) were discussed by Deputy Minister of Economy of Armenia Lilia Sirakanyan and bank representatives.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

The Armenian Parliamentary Committee on Financial, Credit and Budgetary Affairs gave a positive conclusion at its meeting on Friday on the ratification of the agreement on the investment grant for the "Second Yerevan Energy Efficiency Program" in the amount of EUR 10.1 million.

LATEST NEWS

spot_imgspot_imgspot_img