Sat, 23 August
28.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Total capital of Armenia-based commercial banks increase to 818.6 billion drams

YEREVAN, October 30. /ARКА/. The total capital of 17 Armenia-based commercial banks in the first 9 months of 2019 increased by 6.2% or 47 billion drams amounting to 818.6 billion drams, the executive director of the Union of Banks of Armenia Seyran Sargsyan told reporters on Wednesday.
According to him, in the third quarter alone the total capital of the banks increased by 3.8% or by 29 billion drams.

He also said that the banks’ assets in the first 9 months amounted to 5.395 trillion drams, having grown by 2.6% or 139 billion drams in the third quarter. The growth in the first 9 months was 8.7% or 432 billion drams.

“In 2009, the assets of the banks were worth 1.3 trillion drams. Now, ten years later, we can say they have increased by more than 4 times,” Sargsyan said.

He also recalled that in 1993 there were 53 banks in Armenia, while now there are 17 banks, but their total assets have grown sharply.

‘The growth of assets along with the reduction in the number of banks means the expansion and strengthening of banks,” Sargsyan said.

He said the banks’ total liabilities amounted to 4.576 trillion. drams, having increased by 6.4% or 192.9 billion drams in the third quarter, and by 12.4% or 351 billion drams from the start of the year.
($1 – 476.15 dram). -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Euro down 0.91 points to AMD 448.43

The average market exchange rate of the US dollar to the Armenian dram as of August 14, 2025, fell by 0.06 points when compared to August 13 and amounted to AMD 383.5.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img