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Tag: net profit

Net profit of Armenia’s banking sector amounts to AMD 40.6 billion in 1st H 2020

Banks admin -
The net profit of the banking sector of Armenia in the first half of 2020 amounted to 40.6 billion drams, after increasing by 5.9% compared to the corresponding period of the previous year, according to the data of Armenian banks’ reports, published in accordance with international IFRS standards

Armenian insurance companies post 77% drop in net profit

Insurance admin -
Six insurance companies operating in Armenia earned a total of 387.5 million drams in net profit in the first nine months of this year, down from 1.711 billion drams they had earned a year earlier

Armenian banks’ net profit in quarter one doubles

Banks admin -
Seventeen Armenia-based commercial banks earned a total of 20.1 billion drams in net profit in the first quarter of 2018, up from 10.7 billion drams they had earned in the same period last year. The growth was 87.2%. All 17 banks closed the first quarter with a profit

Ranking of Armenian credit organizations by size of net profit for 9 months of 2017

Announces admin -
The net profit of all Armenian credit organizations in the first three quarters of 2017 tripled from the same time span of 2016 to 35.4 billion drams, according to Arka news agency

Armenian insurance companies’ net profit in first six months halves to 1.26 billion drams

Insurance admin -
Six insurance companies operating in Armenia earned a total of 1.26 billion drams in net profit in the first six months of this year, down from 2.62 billion they had earned a year earlier

Araratbank plans to earn 800 million drams in net profits in 2016

Banks admin -
In 2015 Araratbank earned 942 million drams in net profit, the chairman of the bank’s board Ashot Osipyan told an annual meeting of shareholders today

Armenian credit organizations report 28% rise in their net profit in quarter two

Loans admin -
The net profit of 32 credit organizations operating in Armenia in the second quarter of the year stood at about 4.99 billion drams, an increase of 28.3% year-on-year

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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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