Tue, 8 April
10.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
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

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

Dollar, Euro And Ruble Exchange Rates Slightly Decrease Against Dram

The average market exchange rate of the US dollar to the Armenian dram on April 4, 2025, dropped by 0.1 points compared to April 3 and amounted to AMD 391.22.

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

LATEST NEWS

spot_imgspot_imgspot_img