YEREVAN, November 11. /ARKA/. Armenia-based commercial banks’ average return on assets (ROA) index, showing a company’s efficiency in making profits from its assets, rose from 1.22% in the second quarter of 2014 to 1.28% in the third quarter, according to findings of an analysis made by ARKA news agency.
The leading bank by size of ROA indicator was Inecobank, which posted a 3.55% ROA index as of the end of Q3 2014, as compared to 3.32% in quarter before.
The next in the top five list is Armswissbank with 3.23% (against 3.35% in the second quarter), followed by Araratbank with 2.98% (against 3.32%), HSBC Bank Armenia with 2.97% (against 2.74%) and Ameriabank with 2.04% (against 1.73%).
The analysis shows also that the banks’ return on equity (ROE) in the third quarter rose was 7.76% compared to 7.43% in Q2 2014.
In terms of ROE Inecobank was the leader with a 19.25% index (compared to 18.03% in Q2 2014), followed by Araratbank– 17.41% (against 20.36%), Ameriabank– 17.27% (against 14.72%), HSBC Bank Armenia – 17.01% (against 15.95%) and Armbusinessbank – 15.31% (against 15.93%).
There were 21 commercial banks operating in Armenia as of the end of September 2014. –0–
