Combined liabilities of Armenian banks grow by 8.31% from the beginning of the year to 1.685.8 trillion drams

YEREVAN, July 23. /ARKA/.  The combined liabilities of 21 Armenian commercial banks as of June  30, 2012 grew by 8.31% from the beginning of the year to 1.685.8  trillion drams, according to an analysis made by ARKA news agency.

The leading bank by size of liabilities was ACBA Credit Agricole Bank whose overall liabilities grew by 11. 22% from the beginning of the year to 192.5 billion drams. This bank accounted for 10.5% of the combined liabilities of all banks. Second was Ameriabank with 185.2 billion drams worth liabilities which grew by 11.5% .

HSBC Bank Armenia with 163.4 billion drams worth liabilities was third. Its liabilities saw a 10.5% rise. Armbusinessbank was fourth with about 162.1 billion drams liabilities which saw a 12.2% rise and Bank VTB (Armenia) was fifth with 151.8 drams worth liabilities, which grew by 1.3%.  ($1 – 411.25 drams).  -0-

spot_img

POPULAR

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.

Unibank to Raffle a Trip to Italy

Unibank announces the launch of a special campaign, "More Opportunities with Unibank Mastercard World Travel Card."

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

MONEYVAL does not pose a direct threat to the Armenian economy, but requires balanced implementation of its recommendations – economist

The recommendations of the MONEYVAL report on Armenia do not pose a direct threat to the country's economy, but their implementation must be proportionate and not create unjustified barriers for bona fide businesses and investors, according to economist Hrant Mikaelyan.

A young couple created a “honey planet” in Garni

Three years ago, young spouses Narek Sargsyan and Ruzanna Danielyan created their own "honey planet" in Garni—Bee Planet.

LATEST NEWS

spot_imgspot_imgspot_img