Mon, 1 September
24.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Arka news agency presents ranking of banks by size of net profit in 9 months

YEREVAN, October 19 /ARKA/. ARKA news agency has released a recurrent ranking of Armenia-based commercial banks by size of net profits they earned in the first 9 months of 2018. According to it, 17 banks earned a total of 51.6 billion drams, up from 28.5 billion drams they had earned in the same period last year. The growth was 81.3% and all 17 banks closed the first three quarters with a profit.

The top five banks were Ameriabank, Artsakhbank, ACBA-CREDIT AGRICOLE BANK, Inecobank and Ardshinbank, which together accounted for 57.1% of the total net profit.

Ameriabank’s net profit in the first 9 months amounted to 8 billion drams, up from 5.3 billion drams a year ago (an increase of 49.8%). Artsakhbank earned 5.6 billion drams, up from 1.7 billion drams (an increase of 3.3 times). ACBA-CREDIT AGRICOLE BANK’s net profit amounted to 5.5 billion drams (an increase of 23.6%). Inecobank reported a profit of 5.5 billion (an increase of 0.73%) and Ardshinbank’s net profit was 4.7 billion drams, up from f 4.4 billion drams (an increase of 6.43%).

The ranking is compiled based on ARKA news agency’s bulletin “Banks of Armenia.” To purchase this bulletin and other information products of the news agency, please contact the marketing department (e-mail: [email protected]). -0-

spot_img

POPULAR

Changes made to compulsory motor liability insurance in Armenia

The Armenian Bureau of Motor Insurers has launched a new feature, as reported by the Central Bank of Armenia.

Market capitalization in July increased by 45.3% year-on-year, exceeding 463 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for July 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity. 

Twenty-five billion AMD Government bond allocation auction took place on AMX

On August 12nd, an 25,000,000,000 AMD government bond allocation auction took place on the Armenia Stock Exchange. 

Armenia’s banking sector’s  profit amounted to 201 billion drams in January-June – UBA

The 17 banks in Armenia earned a combined profit of 201 billion drams in the first half of 2025, said Daniel Azatyan, head of the Union of Banks of Armenia (UBA).

Armenian Market: Macro statistics indicate a slight strengthening of the economy

From July 14 to July 28, the Armenian stock market demonstrated mixed dynamics.

LATEST NEWS

spot_imgspot_imgspot_img