Tue, 26 August
27.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenia’s banking sector reports growth in 2017

YEREVAN, January 22. /ARKA/. Armenia’s banking sector reported a growth in all major financial indicators last year. According to their official statements, their combined assets totaled 4.362 trillion drams, having grown by 6.67% from the previous year. Out of the 17 operating banks, only five saw their assets drop.

Over the year, Armenian banks increased their credit investments by 3.54% to 2.646.8 trillion drams.
At the same time, their total liabilities totaled 3.661 trillion drams, which was by 6.83% more than in 2016. Their liabilities to customers increased by 9.8% to 2.555.7 trillion drams.

The sector’s combined capital grew by 5.83% to 701 billion drams, and the banks’ authorized capital stood at 463.7 billion drams (an increase of 10.43%).

The banking sector’s net profit amounted to 38.3 billion drams, up from 33.1 billion drams in 2016 (an increase of 15.5%). At the same time, out of all operating banks only two completed the past year with losses (against four in 2016). ($ 1 – 481.96 drams). –0–

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

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.

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.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

VTB (Armenia) endorses the initiative to enhance library collections in the regions

VTB Bank (Armenia) has become a participant in the Newmag BOOK DONATION educational and charitable initiative, which aims to enrich the collections of community libraries located in the regions of Armenia, as reported by the bank's press service.

LATEST NEWS

spot_imgspot_imgspot_img