Mon, 4 August
30.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Q1 retained earnings of Armenia’s 21 banks down 0.37% to AMD 8.5 bln

YEREVAN, April 17. /ARKA/. Retained earnings of 21 commercial banks of Armenia stood at nearly 8 490,7 million drams in 1Q 2013 versus 8522,4 million drams in the same quarter a year earlier. They are said to tumble by 0.37%, according to ARKA news agency’s Banks of Armenia bulletin.

Fifteen out of 21 Armenia-based banks posted profits. The other six banks lost total of 1.39 billion drams in the reported period, whereas a year ago only four banks reported losses (770.3 million drams).

Below are five top banks with the highest profit  within the reported period.

Place Bank 03/31/2013

Thousand drams

From  

03/31/2012 (%)

1 HSBC Bank Armenia 1,958,409 9.27
2 Ameriabank 1,413,228 44.74
3 Ardshininvestbank 1,042,139 259.16
4 VTB Bank (Armenia) 897,874 0.69
5 ACBA-CREDIT AGRICOLE BANK 768,604 -28.88

As of 31 March 2013 there were 21 banks in Armenia. ($1 – 416.77 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

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