Wed, 11 June
17.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armenia’s banking system to grow 18-22% over 3-5 years- expert

YEREVAN, October 23. /ARKA/. Armenia’s banking system is to see a 18-22% growth over the next 3-5 years, Development Director of Ameriabank  Tigran Jrbashyan said Tuesday.

“As of now, the indicators of the banking system demonstrate this projection: we have a 20% growth in almost all indicators,” he told journalists.

The total assets of Armenia’s banks rose by 11.71% to about 2, 297 billion drams within the three quarters 2012 from earlier this year, the banks’ balance data, analyzed by ARKA, show. Liabilities of banks increased by 12.83% to 1.902 billion drams, credit investments upped by 16.08% to 1.454 billion drams.

As of now, there are 21 commercial banks in Armenia. —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.

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

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

LATEST NEWS

spot_imgspot_imgspot_img