Mon, 30 June
31.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

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

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

ACBA Bank summarizes the results of 2024 (video)

ACBA Bank summarized the results of 2024 and defined the future directions of the bank's development at the annual general meeting of shareholders, ACBA said in a press release today.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img