Tue, 1 April
18.1 C
Yerevan
USD: 391.57 RUB: 4.62 EUR: 423.72 GEL: 141.57 GBP: 506.65
spot_img

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

Mirzoyan got acquainted with investment climate of Kazakhstan and mechanisms for resolving international disputes

Armenian Foreign Minister Ararat Mirzoyan visited the Astana International Financial Center (AIFC) as part of his official visit to Kazakhstan, the press service of the Foreign Ministry reported.

Technological Gaps and Lack of Open Banking Stalling Armenia’s Investment Market- Director of Sirius Capital

The technological underdevelopment of the stock exchange and the lack of open banking are hindering the development of the investment market in Armenia, says Ararat Mkrtchyan, executive director and managing member of the investment company Sirius Capital.

US dollar to Armenian dram exchange rate remains unchanged

The average market exchange rate of the US dollar to the Armenian dram on March 26, 2025, remained at 391.8 drams, unchanged compared to March 25.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

US Dollar and ruble rise against Armenian dram

The average market exchange rate of the US dollar to the Armenian dram on March 27, 2025, increased by 0.01 points compared to March 26 and amounted to AMD 391.81.

LATEST NEWS

spot_imgspot_imgspot_img