Sat, 26 July
22.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian banks’ expenses on advertisement grew to 783.5 million drams in quarter one

YEREVAN, May 20. /ARKA/. In the first quarter of 2017 expenses of 17 Armenia-based commercial banks’ on advertisement and representation increased by 3.51% from the year before to 783.5 million drams, ARKA news agency has found out after analyzing the banks’ financial reports.

The leading five banks by size of expenses on advertisement and representation were Ameriabank, Ardshinbank, Armeconombank, ACBA-CREDIT AGRICOLE BANK and Conversebank.

Ameriabank’s expenses grew by 11% from the year before to 159.6 million drams. Ardshinbank’s expenses surged by 24% to 125.3 million drams, those of Armeconombank grew by 3.6 times to 104.2 million drams, ACBA-CREDIT AGRICOLE BANK’s expenses declined by 40.4% to 81.7 million drams and those of Conversebank fell by 12% to 63.2 million drams.

The total administrative and other operation expenses of the banks grew by 2.56% to 26.8 billion drams. ($1 – 483.86 drams). -0-

spot_img

POPULAR

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img