Mon, 7 July
28.1 C
Yerevan
USD: 384.11 RUB: 4.88 EUR: 450.45 GEL: 141.38 GBP: 522.39

Armenian banking system’s first-quarter net income hits AMD 7.8 bln

YEREVAN, May 11. /ARKA/. Armenian banking system’s net income totaled nearly 7.8 billion drams in the first quarter of this year versus 8.1 billion drams from the same period a year earlier, Central Bank states.

The total income of the banks before paying the taxes amounted nearly 9.6 billion drams ( 10.1 billion drams in the first quarter of 2011).

At the same time, interest income within the reported period reached 54.2 billion drams at interest expenses of 24.4 billion drams. Non-interest income of the banks posted 11.2 billion drams, and non-interest expenses- 21.9 billion drams.

Net interest income of the banks in the first quarter of this year was over 29.9 billion drams ( rise by 39.6 % from the first quarter of 2011), and net non-interest income- minus 10.7 billion drams ( against minus 7.8 billion drams for the same period of 2011), the data shows.

As a result of 29.2 billion dram reserve payments for possible losses and the 19.7 billion dram refund, net payments totaled 9.5 billion drams against 3.5 billion drams from the first quarter of 2011.

As of March 31 of 2012 there are 21 banks and 444 branches in Armenia. ($1 – 393.07 drams).—0–

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.

Net loan portfolio of Armenian banks in Q1 2025 increased by 32.4% to AMD 6.424 billion

The loan portfolio of the Armenian banking system, net of reserves, increased by 32.4% in the first quarter of 2025 compared to the same period last year, amounting to AMD 6.424 billion.

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.

Unibank pays AMD 7.8 billion dividends to shareholders

Unibank summarised 2024 with a profit of 8.2 billion AMD, of which 7.8 billion AMD will be paid for dividends - almost twice as much as the previous year. The decision was taken at the shareholders’ annual general meeting of “Unibank” OJSC.

LATEST NEWS

spot_imgspot_imgspot_img