Mon, 8 September
32.1 C
Yerevan
USD: 382.77 RUB: 4.70 EUR: 447.46 GEL: 142.16 GBP: 515.90

Armenian banks’ investments in loans grew 21% to 1,517.3bln drams in 2012

YEREVAN, January 22. /ARKA/. Loan investments by Armenia’s commercial banks grew by 21% over 2012 to 1,517.3bln drams as of the end of December, 2012, reads the finance and economic bulletin prepared by ARKA Agency for Q4, 2012.

According to the information, AKBA-CREDIT AGRICOLE BANK was the leader in investments in loans in the fourth quarter. The bank’s investments in loans grew by 9% to 159.4bln drams by the end of 2012, as compared to the beginning of the year.

The second is Bank VTB (Armenia) with 157.6bln drams (33.4% increase) followed by Ameriabank with about 146.2bln drams (increase of 7.13%), Ardshininvestbank with about 132bln drams (44.32% growth) and HSBC Bank Armenia with 129.8bln drams (20% increase).

There were 21 commercial banks registered in Armenia as of the end of December, 2012. ($1=406.84drams).–0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

Armenia to receive 45.3 million euros from ADB to improve healthcare quality

Armenia will receive 45.3 million euros from the Asian Development Bank (ADB) to improve healthcare quality, said First Deputy Minister of Health of the Republic of Armenia Lena Nanushyan during a meeting of the parliamentary standing committee on financial, credit and budgetary issues.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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.

LATEST NEWS

spot_imgspot_imgspot_img