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-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 27 – May 3)

Last week, the focus in Armenia was on changes in bank taxation, the development of a new law on payment services, and the transformation of investment companies.

Martin Galstyan re-elected as Governor of the Central Bank of Armenia

Martin Galstyan was re-elected as Governor of the Central Bank of Armenia on Tuesday in a closed, secret ballot vote in the National Assembly.

Euro to Armenian dram exchange rate jumped 3.22 points, while the dollar and ruble remained unchanged: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 6, 2026, decreased by 0.44 points compared to May 5, to 370 drams.

Inflation of 5.3% recorded in Armenia in April

In the Armenian consumer market, 12-month inflation in April of this year amounted to 5.3%, according to a report from the Statistical Committee of Armenia.

100 million euros will be allocated for business development in Armenia: ACBA Bank

CBA Bank, in a new partnership with the European Bank for Reconstruction and Development, will allocate 100 million euros to the development of businesses operating in Armenia, with the EBRD bearing the risk of 50 million euros of the financing.

LATEST NEWS

spot_imgspot_imgspot_img