YEREVAN, February 4 / ARKA /. Armenian banks’ total net profit in 2019 increased by 39.7% year-on-year to 78.8 billion drams compared to 56.4 billion drams in 2018, according to the banks’ statements published in accordance with international IFRS.
It should be noted that 16 of the 17 banks operating in the country, closed the past year with profit. At the same time, the banks’ total assets as of December 31, 2019 amounted to 5.805.3 trillion drams, having increased by 17.5% compared to the beginning of the year.
According to the banks, their lending increased by 16.4% to 3.572.2 trillion drams. Their total liabilities as of December 31, 2019 stood at o 4.960.5 trillion drams, having increased by 18.41% compared to the beginning of the year. At the same time, their liabilities to customers amounted to 3.477.4 trillion drams, having grown by 21.5%.
The total capital of the banking system in 2019 stood at 844.8 billion drams, an increase of 12.2%. ($1 – 478, 85 drams). -0-
