Sun, 27 July
35.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian banks’ average return on assets index slips from 1.84% to 1.24%

YEREVAN, May 8, /ARKA/ Armenia-based commercial banks’ average return on assets (ROA) index, showing a company’s efficiency in making profits from its assets, slipped from 1.84% in the fourth quarter of 2013 to 1.24% in the first quarter of 2014, according to the findings of an analysis made by ARKA news agency.

The leading bank by size of ROA indicator was ArmSwissbank, which posted a 3.81% ROA index in the first quarter of this year, as compared to 2.98% in the fourth quarter last year.

The next in the top five list was Araratbank with 3.43% against 2.75%. It was followed by Inecobank  with 3.43% against 4.21%, HSBC Bank Armenia  with 3.25% against 3.55% and Prometey Bank with 2.463% against 2.53%.

The analysis shows also that the banks’ return on equity (ROE) in the first quarter fell to 7.64% from 11.2% in Q4 2013. In terms of ROE the leading bank was Araratbank with a 21.95% index (compared to 17.17% in Q4 2013), followed by Inecobank – 18.61% (against 23.90%), Armbusinessbank – 18.08% (against 11.71%), HSBC Bank Armenia – 17.98% (against 20.36%) and Ameriabank – 14.91% (against 15.96%). -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

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.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img