Tue, 8 July
26.1 C
Yerevan
USD: 384.11 RUB: 4.88 EUR: 450.45 GEL: 141.38 GBP: 522.39

Top 10 banks of Armenia by loan portfolio for 1st H 2020

YEREVAN, July 28. /ARKA/. ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020.

The loan portfolios of 17 banks that operate in Armenia have grown 5.7% over the first half of this year to AMD 3.770.5 trillion drams by late June.

Armbusinessbank is topping the ranking with its loan portfolio amounting to AMD 602.5 billion (a 6.2% growth).

The second biggest lender among Armenian banks was Ameriabank in the first half of this year. Its loan portfolio amounted to AMD 597.2 billion (up 2.0%).

Ardshinbank, with its AMD 548.2 billion and 17.3% growth, came third in the ranking.

ACBA-CREDIT AGRICOLE BANK is ranked fourth – AMD 315.7 billion (up 7.3%), Inecobank fifth – AMD 22. 7 billion (down 6.7%), Converse Bank sixth – AMD 221.4 billion (down 2.2%), VTB seventh – AMD 199.2 billion (up 5.5%), Armeconombank eight – AMD 183.1 billion (up 4%), Unibank ninth – AMD 148.8 billion (up 5.2%) and Araratbank tenth – AMD 142.2 billion (up 4.6%).

The source for compiling the ranking of banks by loan portfolio is the ARKA News Agency’s “Banks of Armenia” bulletin, which is based on reports of Armenian banks published in accordance with IFRS standards.
To acquire this bulletin and other information products of the agency, please contact the marketing department (e-mail: [email protected]). – 0-

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Net inflow of remittances to Armenia from abroad increased by 13.9% over 5 months

The net inflow of private remittances in Armenia from abroad sent through the  banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

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.

LATEST NEWS

spot_imgspot_imgspot_img