Wed, 2 July
22.1 C
Yerevan
USD: 384.51 RUB: 4.89 EUR: 452.41 GEL: 141.37 GBP: 526.78

Armenian banks’ salary fund grew by 6.4% in 9 months

YEREVAN, November 13, /ARKA/. In the first three quarters of 2017 Armenia-based commercial banks’ expenses on wages increased by 6.4% from the year before to 43.2 billion drams, according to ARKA news agency’s financial and economic bulletin “Banks of Armenia” (performance indicators for the third quarter of 2017).

The top five banks by size of expenses on wages were ACBA-CREDIT AGRICOLE BANK, VTB Bank (Armenia), Ameriabank, Ardshinbank and HSBC Bank Armenia.

ACBA-CREDIT AGRICOLE BANK’s salary fund in the first three quarters of 2017 amounted to 6.2 billion drams, having increased by 17.25% from the same indicator in 2016. ACBA-CREDIT AGRICOLE BANK was also the leader in terms of the number of employees – 1,335 people.

The salary fund of VTB Bank (Armenia) totaled 5.1 billion drams (an increase of 18.93%), Ameriabank’s salary fund stood at 4.4 billion drams (a 14.4% increase), that of Ardshinbank was worth 3.8 billion drams (an increase of 27.9%) and the salary fund of HSBC Bank Armenia stood at 2.9 billion drams (an increase of 8.6%). ($1 – 487.29 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img