Tue, 29 April
13.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

Artsakhbank’s mortgage portfolio grows 30.95% to AMD 6386.8 million in 2010

YEREVAN, February 16. /ARKA/. Artsakhbank’s mortgage portfolio grew 30.95% in 2010, reaching AMD 6386.8 million by late December, the bank’s press office reported on Wednesday.

The bank’s consumer loan portfolio grew 26.9% to AMD 14554.9 million.

Artsakhbank ranked third among Armenian banks for its ROE (19.82%) in 2010.

The bank’s individual deposits grew 56.13% in 2010. Dram deposits grew by 62.34%.

Artsakhbank, with its AMD 1662 million in profits, was the eighth largest profit-gainer among Armenian banks in 2010.

Artsakhbank CJSC was established on the Nagorno-Karabakh president’s decree in December 1995.

Vartan Sirmakes from Switzerland holds 43.13% of the bank’s shares, and 44.08% belong to Hrach Kaprielian from the United States. ($1 = AMD 365.4). -0-

spot_img

POPULAR

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.

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

Armenia’s international reserves rose to $3.9 billion in March, providing 2.9 months of import coverage – WB

Armenia's international reserves increased to $3.9 billion in March 2025, offering 2.9 months of import coverage, according to the World Bank's Monthly Economic Update for April 2025.

LATEST NEWS

spot_imgspot_imgspot_img