Sat, 2 August
36.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Ranking of most profitable commercial banks of Armenia for 2nd q 2017

YEREVAN, July 18. /ARKA/. ARKA News Agency is publishing the ranking of the most profitable commercial banks of Armenia for the second quarter 2017.

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).

Five banks are topping ARKA News Agency’s ranking – Inecobank, Ameriabank, Ardshinbank, ACBA-CREDIT AGRICOLE BANK and Anelik Bank.

Inecobank ended the first half of this year with the largest net profit – AMD 3.56 billion (81.28% growth).

Ameriabank was the second biggest profit-gainer in the first half of this year. Its net profit amounted to AMD 3.34 billion after growing 55.82%.

Ardshinbank, with its AMD 3.1 billion and 39.34% year-on-year growth came third in the ranking.

ACBA-CREDIT AGRICOLE BANK ranks fourth with its AMD 2.7 billion and 2.6-time growth and Anelik Bank fifth with AMD 2.3 billion net profit in Jan-June 2017 against AMD 1.18 billion losses in the same period a year before.

The source for the ranking is ARKA News Agency’s ‘Banks of Armenia’ Bulletin. To buy the bulletin and the agency’s other products you should apply to the marketing unit (e-mail: [email protected]).–0—-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img