YEREVAN, November 11, / ARKA /. The retained profit of 33 Armenia-based credit organizations surged by almost 14 percent in the third quarter from the year before to about 4.3 billion drams, the Central Bank said in the survey of their performance in the third quarter.
According to the Central Bank, the amount of their interest income in the first 9 months amounted to 18.8 billion drams, while interest expenses amounted to 7.1 billion drams. At the same time, the organizations’ non-interest income amounted to 5 billion drams while their non-interest expenses grew to 9.5 billion drams.
As a result, net interest income of credit institutions in the reporting period amounted to 11.6 billion drams, up from 9.6 billion drams reported for the first 9 months of 2012, while net non-interest losses amounted to 4.4 billion drams, down 3 billion drams from the first the first 9 months of 2012. ($1 – 405.95 drams). -0-
