Thu, 24 July
27.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Armenian banks return on assets index drops to 1.66 percent

YEREVAN, May 18, /ARKA/. Armenian banks’ return on assets (ROA) index, showing a company’s efficiency in making profits from its assets, dropped to 1.66% in the first quarter of 2012, down from 2.42% in the fourth quarter of 2011, according to findings of an analysis made by ARKA news agency.

The leading bank by size of ROA indicator was Inecobank, which posted a 4.1% ROA index that was up from 3.8% at the end of the fourth quarter last year.

It was followed by HSBC Bank Armenia with a 3.95% index, down from 4.1%, Araratbank was next with a 3.64% index, up from 3.1%, Artsakh Bank with 3.3% , up from 2.72% and BTA Bank with 3.03%, up from 2.96%.

The analysis shows also that the banks’ return on equity (ROE) indicator dropped to 9.03% from 12.18% in the fourth quarter last year. In terms of ROE indicator Araratbank was the leader with a 27.19% index, up from 19.67% in the fourth quarter last year. It was followed by Inecobank with a 23.1% index that rose from 19.04, HSBC Bank Armenia with a 22.92% , down from 24.07% , Artsakh bank with a 21.27% index, up from 17.13% and Bank VTB Armenia with a 14.53%, down from 15.15%. ($1 – 396.98 drams). -0-

spot_img

POPULAR

US dollar rises slightly against Armenian dram, euro and ruble fall

The average market exchange rate of the US dollar against the Armenian dram as of July 17, 2025, rose by 0.16 points compared to July 16 and amounted to 384.12 drams.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Euro falls by 2.8 points against Armenian dram, meanwhile, US dollar and ruble decline slightly

As of July 16, 2025, the average market exchange rate of the U.S. dollar against the Armenian dram fell by 0.16 points compared to July 15, amounting to 383.96 drams.

Viva Armenia CJSC bonds listed on Armenia Stock Exchange

The Armenia Stock Exchange (AMX) is pleased to welcome another major company to the capital market. Viva Armenia CJSC’s USD-denominated bonds will be listed on the Armenia Stock Exchange starting from 15 July.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img