Mon, 5 May
13.1 C
Yerevan
USD: 389.41 RUB: 4.71 EUR: 441.28 GEL: 141.78 GBP: 517.60
spot_img

Armenia’s top 5 banks by asset size for Q3 2023

YEREVAN, October 20. /ARKA/. According to ARKA news agency’s quarterly bulletin ‘Banks of Armenia,’ the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank.

The total assets of all 18 banks amounted to about AMD 8.8 trillion, having increased by 4.55% as compared to the beginning of the year.

According to the ranking, Ardshinbank was the leading bank in terms of assets which stood at AMD 1.5 trillion (5% decrease from the beginning of the year).

Ameriabank was second with AMD 1.3 trillion worth assets (6.28% growth). Armbusinessbank was third with assets of AMD 831.2 billion (2.49% growth).

Acba Bank was forth with AMD 757.1 bln (13.87% growth) and Inecobank was fifth with AMD 553.4 billion in assets (3.84% growth).

The ranking is compiled based on Armenian banks’ financial statement published in accordance with International Financial Reporting Standards (IFRS)..($1 – AMD 401.82) -0-

spot_img

POPULAR

US dollar to Armenian dram exchange rate remains unchanged

The average market exchange rate of the US dollar to the Armenian dram on March 26, 2025, remained at 391.8 drams, unchanged compared to March 25.

Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

Euro exchange rate increases by 0.87 points to 433.28 AMD

The average market exchange rate of the U.S. dollar to the Armenian dram on April 10, 2025, decreased by 0.7 points compared to April 9 and amounted to AMD 391.08.

Instruments for supporting SMEs in Armenia were discussed with bankers at the Ministry of Economy

Financial instruments for supporting small and medium-sized businesses (SMEs) were discussed by Deputy Minister of Economy of Armenia Lilia Sirakanyan and bank representatives.

Euro and US dollar exchange rates slightly down against dram

The average market exchange rate of the US dollar to the Armenian dram on April 17, 2025, fell by 0.33 points compared to April 16 and amounted to AMD 390.94.

LATEST NEWS

spot_imgspot_imgspot_img