Tue, 8 July
29.1 C
Yerevan
USD: 384.19 RUB: 4.90 EUR: 450.58 GEL: 141.45 GBP: 521.65

Surplus earnings of Armenian banks in 2011 rose to 43.1 billion drams

YEREVAN, January 24. /ARKA/. Surplus earnings of Armenian banks in 2011 rose to 43.1 billion drams from 33 billion drams in 2010, increasing by 30.45%, according to Financial and Economic Bulletin of ARKA news agency for the 4th quarter of last year.

The combined earnings of 21 commercial banks last year amounted to 43.41 billion drams, up from 33.2 billion drams in 2010. One bank was said to suffer losses worth 312.6 million drams.-0-

Three Leading Banks In Terms Of Income

rating bank 2011 (AMD, thous.) Growth from 2010 (%)
1 HSBC Bank Armenia 6,631,163 45.52
2 Acba -Creidt Agricole Bank 6,091,055 52.75
3 Bank VTB (Armenia) 4,514,417 5.75
spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Armenia takes first step toward regulating crypto assets

On Thursday, the National Assembly of Armenia approved in the second and final reading a draft law On Crypto Assets and amendments to a number of related laws.

Net inflow of remittances to Armenia from abroad increased by 13.9% over 5 months

The net inflow of private remittances in Armenia from abroad sent through the  banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

LATEST NEWS

spot_imgspot_imgspot_img