Tue, 18 February
-0.9 C
Yerevan
USD: 396.39 RUB: 4.34 EUR: 415.73 GEL: 140.60 GBP: 499.53
spot_img

Net profit of Armenian banks in  9 months of 2023 amount to about 215 bln. drams

YEREVAN, October 20. /ARKA/. Eighteen Armenia-based commercial banks earned a total of 214.96 billion drams in net profit in the first nine months of 2023, by almost 11 % more than in the same time span of 2022, according to the banks’ reports published in accordance with IFRS.

All 18 banks posted profit.

Ardshinbank earned about AMD 57 billion (38.52% growth), Ameriabank was second with a net profit of AMD 34.3 billion (10.78% growth), and Acba Bank was third with a net profit of about AMD 21 billion (28.02% growth).

Total assets of Armenian banks (unaudited) as of 30.09.2023 stood at 8.8 trillion drams (4.55% growth compared to the beginning of the year).

Credit investments of the banks (unaudited) amounted to AMD 4.7 trillion, having increased by 13.08% since the beginning of the year.

Liabilities (unaudited) reached 7.3 trillion drams (2.90% growth against the beginning of the year), while liabilities to customers (unaudited) amounted to 5.3 trillion drams, increasing by 4.74%.

The total capital of Armenian banks (unaudited) amounted to AMD 1.5 trillion, increasing by 13.48% from the beginning of the year, while their authorized capital (unaudited) amounted to AMD 735.3 billion, increasing by 0.50%. ($1 – AMD 401.82) -0-.

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Significant easing of monetary conditions in Armenia had limited impact on banks’ rates – EFSD

Amid low inflation rates, the Central Bank of Armenia has substantially eased monetary conditions, but this has had a limited impact on banks' rates, the Eurasian Fund for Stabilization and Development's (EFSD) regional economic review “Winter 2024-2025” says.

III Capital Markets Armenia to Be Held in Yerevan

On March 20, the annual III Capital Markets Armenia conference—one of the key events for the financial and investment community in the region—will take place at the Marriott Hotel, Yerevan.

Share of problem loans in Armenia has decreased to 1.2% – EFSD report

The quality of the loan portfolio of Armenian banks has improved due to a decrease in the share of problem debt from 2.4% to 1.2%, according to the regional economic review of the Eurasian Fund for Stabilization and Development (EFSD) “Winter 2024–2025.”

Euro jumps 1.96 points to AMD 414.95

The average market exchange rate of the U.S. dollar to the Armenian dram on February 14, 2025, totaled 396.51 drams, having risen by 0.09 points compared to February 13.

LATEST NEWS

spot_imgspot_imgspot_img