Surplus earnings of Armenian banks in the first four months slash 20.4%

YEREVAN, June 25. /ARKA/. Surplus earnings of 21 Armenian commercial banks in the first four months of 2012 dropped by 20.4% from a year earlier to 8.2 billion drams, the Central Bank of Armenia reported.

It said their aggregate assets surged by 4.4% in April as opposed to March to 2.1 trillion drams. Their total liabilities are said to have grown by 5.4$ from March to 1.8 trillion drams. Their balance capital dropped by 0.5 percent to 361.4 billion drams. ($1 – 418.63 drams). -0-

spot_img

POPULAR

Auction Held for Placement of Government Bonds Exceeding 112.5 bln AMD

An auction took place at the Armenia Stock Exchange for the placement of government bonds totaling over 112.5 billion AMD, specifically:

Euro rises against Armenian dram, while US dollar falls

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 29, 2026, decreased by 0.21 points compared to April 28, to 371.19 drams.

Natalija Novta will become new IMF Resident Representative in Armenia

Natalija Novta will become the new IMF Representative in Armenia in August, replacing Umang Ravat.

Sona Ishkhanyan elected Chairperson of Acba Bank Board

Sona Ishkhanyan has been elected as Chair of the Acba Bank Board.  

Armenia plans to increase the dividend tax for bank shareholders to 15%

At a meeting on Thursday, the Armenian government approved amendments to the Tax Code and the Law "On State Duty," which provide for changes in taxation of the banking sector.

LATEST NEWS

spot_imgspot_imgspot_img