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

Armenia-based banks’ net profit drops by 20 percent in first quarter of 2019

YEREVAN, April 18. /ARKA/. The net profit of 17 Armenia-based commercial banks in the first quarter of 2019 dropped by 20.3% to 16 billion drams from 20.1 billion drams in the first quarter of 2018, according to the banks’ statements.

More precisely, 11 of the 17 banks posted decline in profits, but despite it all of them closed the quarter without losses.

According to the quarterly results, the total assets of Armenia-based banks amounted to 5.125.4 trillion drams (a 3.4% growth). The lending by banks during the reporting period increased by 2% to 3.126.7 trillion drams.

The banks’ total liabilities at the end of the first quarter of 2019 stood at 4.340.6 trillion drams (an increase of 3.5%), while liabilities to customers amounted to 2.889.4 trillion drams (an increase of 1.7%).
The total capital of the banks dropped by 2.6% to 784.7 billion drams. -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.

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).

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. 

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