Fri, 4 April
17.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Top ten banks in Armenia by size of assets in quarter 3, 2022

YEREVAN, October 28. /ARKA/. The assets of 17 Armenia-based commercial banks exceeded 7.7 trillion drams as of September 30, 2022, having increased by 9.37% compared to the beginning of the year.

According to the ranking of the ARKA news agency, Ardshinbank tops the ranking with total assets worth 1.27 trillion drams (almost 26% growth).

Ameriabank with assets worth 1.16 trillion drams (6% growth) is second and Armbusinessbank with assets of 832.7 billion drams (3.15% decline) is third.

Acba Bank is fourth with 593.9 billion drams worth assets (8.60% growth); the fifth is Inecobank – 457.8 billion drams (7.34% growth); the sixth is Conversbank – 440.3 billion drams (16.62% growth); Armeconombank ranks seventh with -397.9 billion drams (10.56% growth).

ArmSwissbank ranks eighth with 372.9 billion drams worth assets (down 6.40%); Araratbank is ninth with assets of 334.3 billion drams (24.70% growth). Evocabank is tenth with 319.2 billion drams assets (an increase of 29.92%).

The ranking is compiled based on financial and economic bulletin of the ARKA news agency “Banks of Armenia.”

To purchase this newsletter and other information products of the agency, please contact the marketing department (e-mail: [email protected]).-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img