Mon, 4 August
30.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

ARKA news agency releases recurrent ranking of most profitable banks in Armenia

YEREVAN, July 21 /ARKA/. ARKA news agency has released a fresh edition of the ranking of the most profitable commercial banks in Armenia in the first half of 2023.

The net profit of all 18 Armenia-based commercial banks in the first half of 2023 amounted to 142 billion drams, up from 114 billion drams in the first half of 2022. All 18 banks reported profit.

According to the ranking, the top 5 banks in terms ofnet profit were Ardshinbank, Ameriabank, Inecobank, ACBA Bank and Conversebank. They accounted for 65% or about AMD 92 billion of the total profit.

Ardshinbank’s net profit amounted to AMD 38.2 bln, against AMD 20.1 bln in the same period of 2022 (90% growth).

Ameriabank’s net profit grew to AMD 21.7 bln, from AMD 19.1 bln in 1H 2022 (13.4% growth).

Inecobank earned AMD 12.8 billion in the first half of 2023 against AMD 10 billion in the same period of 2022 (28․6% growth).

ACBA Bank with a profit of AMD 11.6 billion, up from AMD 10.1 billion was 4th (14.7% growth).

Conversebank’s net profit amounted to AMD 7.6 bln, against AMD 5.7 bln in the same period of 2022 (33.1% growth). 

The ranking of banks by profit is compiled based on ARKA news agency’s bulletin “Banks of Armenia”, which in turn is compiled based on Armenian banks’ reports published in accordance with international IFRS standards.

To purchase this bulletin and other information products of the news agency, please contact the Marketing Department (e-mail: [email protected]).  ($1 – AMD 386.29) -0-.

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

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