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Tag: profitable

Arka news agency’s ranking of most profitable Armenian banks in 2019

Banks admin -
In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Arka news agency releases ranking of top ten most profitable credit organizations in 2018

Loans admin -
According to a ranking of Armenia’s most profitable credit organizations in 2018

Armenia’s top ten most profitable credit organizations in first 9 months of 2018

Banks admin -
Out of 35 credit organizations operating in Armenia, 33 were profitable in the third quarter of 2018 earning a total of 38.58 billion drams, according to ARKA news agency’s ranking. The other 2 companies reported losses to the tune of 35.2 million drams

Armenia’s top 10 most profitable credit organizations

Announces admin -
Out of 35 credit organizations operating in Armenia, 27 were profitable in the first quarter of 2018 with total profit amounting to 13.5 billion drams, according to ARKA news agency’s ranking of the 10 most profitable credit organizations

VTB bank (Armenia) depositors can get interest when making up contracts

Banks admin -
VTB Bank (Armenia) said today that those of its customers who will open Profitable and Progressive deposit account with at least 12-month term will get the interest amount right after formalizing the contract

Ranking of most profitable Armenian banks in quarter one, 2018

Announces admin -
YEREVAN, April 19. /ARKA/. According to ARKA news agency’s quarterly ranking of the most profitable banks, 17 Armenia-based commercial...

Rating of top ten most profitable credit organizations in Armenia in 2017

Announces admin -
According to a ranking of Armenia’s most profitable credit organizations in 2017 compiled by ARKA news agency, out of 35 credit organizations operating in the country 30 were profitable with a total profit amounting to 51.9 billion drams

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Armenian banks’ net loan portfolio grew by 24․6% in 2024 to 6 trillion 270 billion drams

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The total loan portfolio of the Armenian banks net of reserves grew by 24.6% or AMD 1trillion 239 bln drams in 2024 to AMD 6 trillion 270 bln drams.

Profit of Armenia’s banking system in 2024 increased by 60.9% to 363.1 bln. AMD

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The net profit of 17 Armenia-based commercial banks in 2024 amounted to over 363.1 billion drams, growing by 60.9% compared to 2023, according to reports of the banks published in accordance with international financial reporting standards.

Armenia’s commercial banks paid 119.6 billion drams in taxes in 2024

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All 18 Armenia-based commercial banks are in the list of 1000 largest corporate taxpayers in 2024, having paid 119.6 billion drams in various taxes, the State Revenue Committee said.

US dollar exchange rate down 0.61 points to AMD 398.36

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The average market exchange rate of the U.S. dollar to the Armenian dram on January 27, 2024, was 398.36 drams, down 0.61 points compared to January 24.

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