Sun, 7 September
22.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

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

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Acba Bank’s 66th branch launched

Acba Bank has launched its 66th branch, "Homeplex Mall". The branch is open from Monday to Sunday from 09:00 to 24:00 (cash service: 09:00-21:15).

Changes made to compulsory motor liability insurance in Armenia

The Armenian Bureau of Motor Insurers has launched a new feature, as reported by the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img