YEREVAN, January 23. /ARKA/. The profit of Armenia’s banking system for 2024 amounted to approximately 363 billion drams, according to the Union of Banks of Armenia (UBA).
As reported earlier, the banking system of Armenia generated a profit of about 230 billion drams by the end of 2023, which is 9.2% lower than in 2022.
According to the latest report, total capital increased by 300 billion drams, or 20%, reaching 1,779 billion drams by the end of 2024.
Total assets grew by about 1,838 billion drams, or 20%, totaling 11,023 billion drams.
During the reporting period, credit investments increased by 1,253 billion drams (25%), reaching 6,277 billion drams.
Liabilities to customers rose by approximately 918 billion drams (17%), totaling 6,431 billion drams.
As of the end of 2024, there were 18 commercial banks operating in Armenia. ($1 = AMD 398.74).
