Surplus earnings of Armenian banks in the first half of the year jump by 39.2% year-on-year

YEREVAN, July 18. / ARKA /. Surplus earnings of Armenian banks in the first half of the year jumped by 39.2% year-on-year to 21.2 billion drams, up from 15.2 billion drams from a year earlier, according to ARKA news agency’s bulletin called Armenian Banks’ Indicators for the second quarter of 2011.

The total income of 20 commercial banks (out of 21) rose to 21.1 billion drams in January-June 20011 form 15 billion drams a year before, reported by 18 banks. One bank said it sustained 150.5 million drams in losses. –0–

spot_img

POPULAR

A silver commemorative coin, “Sevanavank,” with a face value of 2,000 drams put into circulation in Armenia

On November 13, the Central Bank of Armenia put into circulation a silver commemorative coin titled "Sevanavank," part of the "Historical Doors" series.

IDBank Presents the Rate.Trading Digital Platform at Toon Expo.Invest 2026

IDBank participated in Toon Expo.Invest 2026 Vol. 2, one of the region’s largest real estate and investment exhibitions.

Ranking of Armenia’s Largest Credit Organizations by Assets as of September 30, 2026

The ARKA agency has published a ranking of Armenia’s largest credit organizations by asset volume as of September 30, 2026.

Armenia may gain access to $25 million from the IMF in December under a Stand-By Agreement (SBA) and up to $262 million under a...

An IMF team has reached a staff-level agreement with the Armenian authorities on the completion of the second review under a three-year Stand-By Agreement (SBA), as well as on a new, parallel program: the Resilience and Sustainability Facility (RSF).

Ranking of Armenian Credit Organizations by Credit and Leasing Portfolio as of September 30, 2026

The ARKA agency has published a ranking of Armenia’s largest credit organizations based on the volume of their credit investments and leasing operations as of September 30, 2026.

LATEST NEWS

spot_imgspot_imgspot_img