Mon, 9 June
19.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

ARKA News Agency presenting payroll ranking of Armenian banks for Jan-Sept 2016

YEREVAN, November 28. /ARKA/. ARKA News Agency is presenting the payroll ranking of Armenian banks for Jan-Sept 2016.

The agency’s analysis shows that the banks have spent AMD 40.7 billion over a period between January and September 2016 for paying wages to their personnel – 1.4% more than at the same period a year earlier.

As many as 11,363 people worked at the country’s banking sector in late June 2016.

ACBA-CREDIT AGRICOLE BANK, VTB Bank (Armenia), Ameriabank, Ardshinbank and Inecobank are top five banks in ARKA News Agency’s ranking.

ACBA-CREDIT AGRICOLE BANK, which is topping the ranking, paid AMD 5.3 billion in Jan-Sept 2016 to its employees showing a 15-percent year-on-year growth. ACBA-CREDIT AGRICOLE BANK is also singled out for the greatest number of employees – 1,309 people.

VTB Bank (Armenia), with AMD 4.3 billion spent for paying salaries and 6.1% year-on-year growth, is ranked second. The bank is second also for the number of its employees – 1,180 people.

Ameriabank came third in the ranking. Its payroll expenses totaled AMD 3.9 billion in Jan-Sept 2016 (7.2% year-on-year decline). The bank had 582 employees in late September.

Ardshinbank is placed fourth in the ranking. Its payroll fund amounted to AMD 3 billion in Jan-Sept 2016, shrinking by 10.4%, compared with the same period a year before. As many as 1,041 people worked at the bank in late September.

Inecobank, with its AMD 2.9 billion, 45.6% year-on-year growth and 815 employees, ranked fifth.

Eight banks had their payroll funds reduced in Jan-Sept 2016, compared with the same period a year earlier, and Byblos Bank was singled out for the most dramatic, 36.6-percent reduction.

The ranking is based on ARKA News Agency’s ‘Banks of Armenia’ Bulletin.

All those who want to receive the Bulletin should apply to the agency’s marketing division (е-mail: [email protected]). –0—-

1234567

spot_img

POPULAR

Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

Euro exchange rate increases by 0.87 points to 433.28 AMD

The average market exchange rate of the U.S. dollar to the Armenian dram on April 10, 2025, decreased by 0.7 points compared to April 9 and amounted to AMD 391.08.

Converse Bank Joins the Asian Development Bank’s Green Finance Commitment

Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.”

Armenia’s stock market capitalization grew by 35.6% to AMD 439.3 billion in 2024 – AMX report

The capitalization of the Armenian stock market grew by 35.6% to AMD 439.3 billion in 2024, according to the annual report of the Armenia Stock Exchange (AMX).

LATEST NEWS

spot_imgspot_imgspot_img