Sat, 8 February
0.1 C
Yerevan
USD: 396.76 RUB: 4.10 EUR: 411.80 GEL: 141.91 GBP: 493.89
spot_img

Ranking of Armenia’s most profitable banks in 2024

YEREVAN, January 28. /ARKA/. ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

The net profit of Armenia-based banks in 2024 amounted to AMD 363.1 bln, against AMD 225.7 bln received in 2023, increasing by 60.9%. All 17 banks operated at a profit․ At the same time, 15 banks’ profits increased by 80.5% compared to last year, while three banks’ profits decreased by 0.7%.

According to the ranking of ARKA news agency, the top 5 banks in terms of profit were Ardshinbank, Ameriabank, Inecobank, Acba Bank and IDBank. They accounted for 73% or AMD 266.1 bln of the total banking profit.

Ardshinbank’s net profit amounted to AMD 132.7 billion against a profit of AMD 61.1 billion in 2023 (117.2% growth).

Ameriabank with a profit of AMD 60 bln vs. AMD 46.1 bln profit in 2023 (growth – 30.4%) was second.

Third was Inecobank with a profit of AMD 29.2 bln in 2024 vs. AMD 26.4 bln in 2023 (10.8% growth).

Acba Bank with a profit of AMD 28.4 bln, down 0.1% year-on-year was fourth. And IDBank closed the top five. The bank’s profit was almost the same as in the previous  year – 15.8 billion drams, (up 0․2%).

 The ranking of the banks is compiled based on ARKA news agency’s bulletin “Banks of Armenia”, prepared on the basis of Armenian banks’ reports published in accordance with  IFRS.

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

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

LATEST NEWS

spot_imgspot_imgspot_img