YEREVAN, October 21. /ARKA/. Ardshinbank and Ameriabank generated 50.81% of the total profit of Armenian banks from January to September 2026, according to an operational bulletin from the ARKA news agency.
The total after-tax profit of Armenian banks for the nine-month period reached 334.44 billion drams, an increase of 8.63% compared to the same period last year.
Ardshinbank recorded a profit of 104.82 billion drams—a 1.56% increase over the January–September 2025 period. Ameriabank’s profit grew by 27.51%, reaching 65.09 billion drams. Together, the two banks accounted for 169.91 billion drams in profit.
Rounding out the top five in terms of profit were ACBA Bank (26.43 billion drams), Inecobank (22.27 billion drams), and IDBank (15.74 billion drams). ACBA Bank’s profit saw a year-on-year decline of 0.53%, while Inecobank and IDBank experienced growth of 3.05% and 13.95%, respectively.
The five most profitable banks accounted for 70.07% of the sector’s total profit, with the remaining 12 banks generating 29.93%.
The combined share of Ardshinbank and Ameriabank in the sector’s profit for the nine-month period exceeded their combined share of total assets as of the end of September—50.81% versus 40.26%. The source for compiling the ranking of banks by profit is the ARKA agency bulletin, “Performance Indicators of Armenian Banks: Operational Data for the Third Quarter of 2026,” which is based on reports from Armenian banks published in accordance with International Financial Reporting Standards (IFRS).
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