Wed, 5 March
11.1 C
Yerevan
USD: 393.86 RUB: 4.41 EUR: 413.95 GEL: 141.17 GBP: 501.07
spot_img

Net cash outflow from Armenian banks in quarter one amounts to 102.9 billion drams

YEREVAN, May 18. /ARKA/. Net cash outflow from Armenian banks in the first quarter of 2012 amounted to 102.9 billion drams, according to an analysis made by ARKA, based on banks’ interim financial statements. As of March 31 cash balance and equivalent  funds in banks stood at 303.6 billion drams, down from 406.5 billion drams in beginning of the first quarter.

Some 90.7 billion drams of that amount resulted from operation activities, 8.1 billion drams were investments and 6 billion drams resulted from financial activities. The effect of exchange rate changes on cash and cash equivalents was positive making more than 1.9 billion drams.

Three banks posted net cash inflow of 18 billion drams and eighteen banks posted a total of 120.9 billion drams outflow. ($1 – 395.98 drams).  -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

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