Tue, 1 July
14.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Ranking of Armenian banks by size of net profit in Q1, 2017

YEREVAN, April 21. /ARKA/. ARKA news agency has released a recurrent ranking of the most profitable commercial banks of Armenia in the first quarter of 2017.

Armenia’s banking sector earned a total of 10.87 billion drams in net profit against 6 billion drams for the first quarter of 2016, an increase of 80.68%.

Of 17 active banks in the country, 13 banks registered profit growth. Two banks closed the first quarter of 2017 with a loss of 1.13 billion drams.

According to the ranking, the top five banks by size of net profit were: Inecobank, Ameriabank, HSBC Bank Armenia, ACBA-CREDIT AGRICOLE BANK and Ardshinbank.

The ranking was compiled based ARKA news agency’s quarterly bulletin Banks of Armenia. To obtain this bulletin and other products of the news agency apply to [email protected]). -0-

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img