Tue, 24 June
13.1 C
Yerevan
USD: 386.08 RUB: 4.93 EUR: 442.60 GEL: 141.73 GBP: 516.54

Armenia-based commercial banks report growth in all major indicators

YEREVAN, October 28. /ARKA/. In the first 9 months of 2019 Armenia-based commercial banks reported growth in all major indicators, according to their reports, published in accordance with International Financial Reporting Standards (IFRS).

According to these reports, the net profit of the banks amounted to 60.9 billion drams, up from 51.7 billion drams, they had earned in the first 9 months of 2018. The rise was 18%.

It is noteworthy that all 17 commercial banks operating in the country closed the first three quarters of the year with profit.

The aggregate assets of the banks as of September 30, 2019 stood at 5.395.4 trillion drams, an increase of 9.2% if compared to the beginning of the year. The banks’ lending also increased by 10% to 3.370.9 trillion drams.

Their total liabilities amounted to 4.576.7 trillion drams, having increased by 9.2% compared to the beginning of the year. Liabilities to customers amounted to 3.191.2 trillion drams, showing an increase of 11.9%.

The reports also suggest the total capital of banks increased by 8.7% to 818.6 billion drams. ($1-475. 87 drams). -0-

spot_img

POPULAR

VTB (Armenia) becomes official partner of Music for the Future Foundation

VTB (Armenia) has become a partner of the Music for the Future Foundation. The bank will support the foundation's key programs, including the development of cultural and educational projects, the organization of concerts, and the allocation of scholarships for young musicians.

Moody’s upgrades long-term deposit ratings of Unibank to B1, outlook stable

Moody's has upgraded Unibank long-term local and foreign currency bank deposit ratings to B1 from B2 and changed the outlook on these ratings to stable.

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.

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

Euro falls by 2.74 points against Armenian dram, while USD and ruble rise slightly.

The average market exchange rate of the US dollar against the Armenian dram as of June 18, 2025, increased by 0.16 points compared to June 17 and amounted to 384.44 drams.

LATEST NEWS

spot_imgspot_imgspot_img