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Armenian banks increase lending in June 2024, loans reaching over 5.6 trillion AMD

Banks
. As of the end of June 2024, Armenian commercial banks issued loans totaling 5,614,439 million AMD, a slight increase from 5,535,504 million AMD at the end of May, a report by the National Statistical Committee revealed on Friday.

Indicators of Armenian banking system will remain quite positive by the end of the year – Central Bank

Banks
The Central Bank of Armenia expects the indicators of Armenia's banking sector to remain quite positive by the end of the year, said CB chairman Martin Galstyan at a press conference on Tuesday

Taxes paid by Armenian banks in 9 months increased by 13.6% to about 46.5 billion drams

Banks
The amount of taxes paid by 16 Armenia-based commercial banks in January-September of 2022 grew by about 5.6 billion drams (13.6%) compared to the same period in 2021, according to the Union of Banks of Armenia (UBA). The amount of direct taxes increased by about 4.8 billion drams or 13.8% to about 39.8 billion drams

Top ten banks in Armenia by size of assets in quarter 3, 2022

Banks
The assets of 17 Armenia-based commercial banks exceeded 7.7 trillion drams as of September 30, 2022, having increased by 9.37% compared to the beginning of the year.

Top 10 Armenian banks by size of profit in Q3 2022

Banks
As of September 30, 2022, the profit after tax of the 17 Armenia-based commercial banks exceeded AMD 187.7bln, having increased by 193.29% as compared to the same period of the last year

Taxes paid by Armenian banks in first half of 2022 grew by 9.4% to 32.9 billion drams

Banks
Sixteen Armenia-based commercial banks paid a total of 32.9 billion drams in various taxes in the first half of 2022, by 2.8 billion drams or 9.4% more than in the same time span in 2021, according to the Union of Armenian Banks (UAB)

Volume of transactions made by Armenian banks’ cards abroad almost doubled in first half of 2022

Banks
Banking cards issued by Armenia-based banks were used to make 6,139,854 transactions abroad in the first half of 2022, up 78.2% from the same time span of 2021, according to the Union of Banks of Armenia

Total capital of Armenian banks in Q1 grew by 15.4% to about AMD 1.1 trillion

Banks
In the first quarter of 2022 the total capital of all 17 Armenia-based commercial banks reached about AMD 1.1 trillion, the executive director of the Union of Armenian Banks (UBA) Seyran Sargsyan said today

Armenian banks comply with international sanctions- UBA

Banks
All Armenia-based commercial banks make sure to strictly comply with all international sanctions, the executive director of the Union of Banks of Armenia (UBA), told a press conference today

Some 30,000 new bank accounts opened in Armenia in March- minister

Banks
About 30 thousand new bank accounts were opened in Armenia in March, 2022, Economy Minister Vahan Kerobyan said

Taxes paid by Armenian banks in 2021 grew by 7.7% from 2020

Banks
All 17 Armenia-based commercial banks paid last year 52.286 billion drams in various taxes, by 3.2 billion drams or 6.5% more than in 2020, while the amount of direct taxes grew by about 1.9 billion drams or 4.4% to 44.732 billion drams, Deputy Executive Director of the Union of Banks of Armenia (UBA) Arman Sargsyan said at a press conference on Wednesday

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