Sun, 27 July
33.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Net profits of Armenia’s all banks grow 48.6% in Jan-June 2016

YEREVAN, July 18. /ARKA/. The aggregate net profits of Armenia’s all banks have grown 48.6% from AMD 12.8 billion in Jan-June 2016 to AMD 19 billion in the same period of 2017.

According to quarterly reports, only one of Armenia’s 17 banks ended the first half of 2016 with losses (AMD 4.5 billion), while in the same period of the previous year three banks accounted for losses (AMD 2.6 billion).

Armenia’s banks had their profits increased thanks to increasing their authorized capital and consolidations in 2016.

As for assets and liabilities, they have grown no more than 2% since the beginning of this year

Assets of Armenia’s banks have grown 1.64% since the beginning of this year to AMD 4 156.75 billion by late June, and their credit exposure amounted to AMD 2 600.1 billion showing a 1.71% growth.

The banks’ liabilities totaled AMD 3 487.3 billion with 1.76% growth.

Liabilities to clients (accounts and deposits) have grown 4.25% since the beginning of this year to AMD 2 424.7 billion.

Their total capital amounted to AMD 669.4 billion after growing 1.07%. –0—-

spot_img

POPULAR

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.

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.

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.

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.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img