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Armenia’s gross international reserves

YEREVAN, Jan. 31. /ARKA/. Armenia’s gross international reserves, as of December 2022, stood at around $4.11 bln, up from $3.23bln in December 2021, according to a Central Bank report.

Most of the gross international reserves -$4.19 bn- were in foreign currency . The rest of the reserves – $6 million were SDR. -0-.

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Insurance market of Armenia is in embryonic state

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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

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

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