Retained earnings of Armenia-based banks in 2012 grew by 14.66 percent to 42.4 billion drams

YEREVAN, January 18. / ARKA /. Retained earnings of 21 Armenia-based banks in 2012 grew by 14.66 percent from the previous year to 42.4 billion drams, according to ARKA news agency’s Banks of Armenia bulletin.

Eighteen of 21 banks posted 45.5 billion drams in total income, while three other banks posted 3 billion drams in losses. Below are the five leading banks by size of income last year. -0-