YEREVAN, October 18. / ARKA /. Armenian banks’ retained earnings in the first nine months of 2011 rose by 29.43% from a year earlier to over 31.7 billion drams, up from 24.5 billion drams in the same period in 2010, according to ARKA news agency’s financial-economic bulletin “Banks of Armenia” showing the indicators for the third quarter of 2011.
It should be noted that the total income of 20 out of 21 banks in January-September rose to 31.5 billion drams from 24.3 billion during the same period in 2010, reported by 19 banks. One bank reported a loss of 254.1 million drams. According to the agency “ARKA”, the three leading banks were by size of income
| rating | Bank | 09.30.2011
AMD, thous. |
% rise from 06.30.2010 |
| 1 | ACBA Credit Agricole Bank | 4 649 400 | 57.31 |
| 2 | HSBC Bank Armenia | 4 607 908 | 53.33 |
| 3 | Bank VTB (Armenia) | 3 887 631 | 21.86 |
There are 21 commercial banks in Armenia ($1 – 375.4 drams). -0-
