Sun, 6 April
15.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Gold transactions of Armenia’s Commercial Banks totaled 1.4bln drams in Q2

YEREVAN, August 14. /ARKA/. Gold transactions of Armenia’s commercial banks (“precious metal” deposits, standardized precious metal bars and commemorative coins) totaled 1.4 billion drams in the second quarter of this year, a 2.4-time increase against the level of the beginning of the year.

An analysis by ARKA showed that Armswissbank is the leader in volume of precious metal transactions as of the end of the second quarter: its gold transactions constituted about 36.03% of the overall volume of such transactions by Armenia’s commercial banks. Armswissbank’s gold transactions amounted to a total of 512.6 million drams by the end of June 2013, more than six times as much as the volume recorded in the beginning of the year.

The next four banks with largest volume of gold transactions are Ameriabank (509.4mln drams, 4.6-time increase, with a 35.81% share in overall volume of gold transactions), Conversebank 93.6mln drams, 16.4% reduction, the share – 6.93%),  Armbusinessbank (96.5mln drams, 4-time increase, share in overall volume 6.78%) and Unibank (65.8mln drams, 24.9% reduction, the share is 4.03%).

In general, out of 21 commercial banks operating in Armenia in the reporting quarter only 11 effected gold transactions.

There were 21 banks with 478 branches operating in Armenia as of the end of June 2013. ($1=407.13drams).  –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

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