Sun, 27 July
35.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenia’s crediting organizations post 4.8 billion drams of net profits in January-September

YEREVAN, November 21. / ARKA /. Armenia’s 32 crediting organizations posted 4.8 billion drams in net profits for January-September, down 13.1 percent from a year before, according to an analysis made by ARKA news agency.

The leading organization by size of net profit was Aregak -about 1.16 billion drams, down from 1.17 billion in January-September of 2011. Aregak accounted for 24.1 percent of the total amount of all crediting organizations’ net profits.

Other leaders were Norvik – (596.5 million drams and 12.4% of the aggregate net profit of credit organizations), Finka- (588.4 million drams and 12.3%), Kamurj – (414.6 million drams and 8.6%) and the National Mortgage Company – (343.4 million drams and 7, 2%). -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

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.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img