Fri, 4 April
8.1 C
Yerevan
USD: 391.32 RUB: 4.67 EUR: 432.53 GEL: 141.78 GBP: 514.27
spot_img

Ranking of Armenian credit organizations by size of net profit for 9 months of 2017

YEREVAN, November 16, /ARKA/. The net profit of all Armenian credit organizations in the first three quarters of 2017 tripled from the same time span of 2016 to 35.4 billion drams, according to Arka news agency.

Out of 35 credit organizations operating in Armenia 28 were profitable, whose total profits amounted to 35.56 billion drams, while the remaining seven organizations suffered a total of 194 million drams in losses.

The top five organizations by size of net profit were Export Finance, Bnakaran Yeritasardnerin, Aregak, Fast Credit and the National Mortgage Company.

The net profit of Export Finance was about 23.6 billion drams, an increase of 7.4 times compared to the same period last year. Bnakaran Yeritasardnerin posted 3.7 billion drams in net profit (an increase of 15.6%).

Aregak’s net profit increased by 52.3% to 2 billion drams. Fast Credit with a net profit of 1.56 billion drams was fourth (a decrease of 18.4%) and the National Mortgage Company with 1.12 billion drams in net profit was fifth, an increase of 12.4% compared to the same period last year. -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