Sat, 5 April
10.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Armenian banks’ average return on assets index at 1.22% in Q2

YEREVAN, August 26. /ARKA/. Armenia-based commercial banks’ average return on assets (ROA) index, showing a company’s efficiency in making profits from its assets, was 1.22 in the second quarter of this year, as compared to 1.21% at the end of Q1, according to the findings of an analysis by ARKA news agency.

The leading bank in terms of ROA was ArmSwissbank, which posted a 3.35% ROA index in the reporting quarter, as compared to 3.87% in Q1.

The next in the top five list was Araratbank with 3.32% against 2.70%, followed by Inecobank  with 3.32% against 3.43%, HSBC Bank Armenia  with 2.74% against 3.02% and Prometey Bank with 2.14% against 2.33%.

The analysis shows also that the banks’ return on equity (ROE) in the second quarter was 7.43% compared to 7.45% in the quarter before.

In terms of ROE the leader was Araratbank with a 20.36% index (compared to 17.27% in Q1 2014), followed by Inecobank – 18.03% (against 18.61%), HSBC Bank Armenia – 15.95% (against 17.98%), Armbusinessbank – 15.93% (against 18.02%) and Ameriabank – 14.72% (against 14.91%).

A total of 21 commercial banks operated in Armenia as of the end of June this year. –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Russian president gives Yerevan-based Balchug Capital permission to buy Gazprom, Inter RAO, and LUKOIL shares from Goldman Sachs

Goldman Sachs International will be able to sell minority stakes in a number of Russian blue chips to Balchug Capital CJSC, the same company that received permission from Russian authorities to buy the local banking unit of the American financial group.

Cryptocurrency can open up great opportunities for Armenia — Henri Arslanian

Cryptocurrency can open up great opportunities for Armenia, says HenrI ArslanIan, co-founder of Nine Blocks Capital Management, author of the bestselling books in the field of financial services "The Future of Finance" and "The Book of Cryptocurrency".

LATEST NEWS

spot_imgspot_imgspot_img