Thu, 4 September
21.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenia’s top ten most profitable credit organizations in first 9 months of 2018

YEREVAN, November 15. /ARKA/. Out of 35 credit organizations operating in Armenia, 33 were profitable in the third quarter of 2018 earning a total of 38.58 billion drams, according to ARKA news agency’s ranking. The other 2 companies reported losses to the tune of 35.2 million drams.

Accordingly, the net profit of all Armenian credit organizations saw a 15.5% rise in the first 9 months of 2018 when opposed to the same time span of 2017.

The top five most profitable credit organizations were Export Finance, First Factoring Company, Bnakaran Yeritasardnerin, Aregak and VARKS AM.

Export Finance earned 13.2 billion drams in net profit, down from 23.6 billion drams earned in the first nine months of 2017. The First Factoring Company’s net profit stood at 9.1 million drams, up from 4.4 million dram losses reported in the first 9 months of 2017. Bnakaran Yeritasardnerin earned 4.1 billion drams in net profit, up from 3.7 billion drams a year earlier. Aregak’s net profit was 2.05 billion drams, up from 2.03 billion drams and the VARKS AM earned 1.5 billion drams, against 53.9 million losses a year earlier. -0-

spot_img

POPULAR

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

Acba Bank’s 66th branch launched

Acba Bank has launched its 66th branch, "Homeplex Mall". The branch is open from Monday to Sunday from 09:00 to 24:00 (cash service: 09:00-21:15).

LATEST NEWS

spot_imgspot_imgspot_img