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-
