Mon, 17 February
-2.9 C
Yerevan
USD: 396.51 RUB: 4.36 EUR: 414.95 GEL: 140.05 GBP: 498.65
spot_img

Aggregate assets of Armenia-based banks increase by 7.1% in quarter three to 1889.3 billion drams

YEREVAN, November 4. / ARKA /. In the third quarter of 2011 the aggregate assets of Armenia-based banks increased by 7.1% (OR 125.9 billion drams) from the previous quarter to 1889.3 billion drams. The rise from the beginning of the year amounted to 21.65%, according to an analysis made by ARKA news agency on the basis of banks’ financial and other reports.

The leading bank by size of assets was ACBA-Credit Agricole Bank. On September 30 its assets stood at about 206.6 billion drams, having increased by 7.21% in the quarter. This bank accounted for 11% of all assets of all banks.

The list of leaders included also Ameriabank with more than 190.7 billion drams of assets, HSBC Bank Armenia with 173.8 billion drams, Bank VTB (Armenia) with 161.8 billion drams and Armbusinessbank with 149.4 billion drams worth assets.

The leader in terms of assets growth in the third quarter was Converse Bank that posted a 71.9% increase to 58.4 billion drams, HSBC Bank Armenia said its assets grew in the third quarter by 11.99% to 18.6 billion drams; Prometey bank’s assets grew by 9.39% to 3.1 billion drams, Ameriabank’s assets saw a 7.49% rise to 13.3 billion drams and those of ACBA-Credit Agricole Bank upped by 7.21% to 13.9 billion drams.

There are 21 commercial banks in Armenia operating 425 branches. ($1 – 378.98 AMD). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

‘Bad’ loan assistance program launched in Armenia: 1000 applications already submitted

A scheme designed by the Armenian government to support citizens with bad loans started  on February 1 with 1000 beneficiaries having already submitted online applications,  Deputy Minister of Labor and Social Affairs David Khachatryan said today.

Share of problem loans in Armenia has decreased to 1.2% – EFSD report

The quality of the loan portfolio of Armenian banks has improved due to a decrease in the share of problem debt from 2.4% to 1.2%, according to the regional economic review of the Eurasian Fund for Stabilization and Development (EFSD) “Winter 2024–2025.”

Euro jumps 1.96 points to AMD 414.95

The average market exchange rate of the U.S. dollar to the Armenian dram on February 14, 2025, totaled 396.51 drams, having risen by 0.09 points compared to February 13.

Viva Armenia Issues its First Bonds Worth $80 Million

Viva Armenia CJSC announces the issuance of nominal, coupon paying bonds. The company has issued dollar-denominated bonds with a total face value of $80 million. The underwriter for these bonds is Ameriabank.

LATEST NEWS

spot_imgspot_imgspot_img