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Tag: profits

Net profits of Armenia’s insurance companies shrink 69% to AMD 215.4 million in 2018

Insurance
The aggregate net profits of Armenia’s insurance companies has shrunk 69% to AMD 215.4 million in 2018 from AMD 699.5 million in 2017

Armenian insurance companies’ net profits drop by 60% in 2017

Insurance
Six insurances companies operating in Armenia earned a total of 1.48 billion drams in net profit in 2017, down from 3.7 billion drams they had earned in 2016, according to Arka news agency’s quarterly bulletin "Insurance Companies of Armenia” for the fourth quarter of 2017

Profits of Armenia’s banks grow 70% to AMD 29 billion in Jan-Sept 2017

Banks
Armenian banks’ aggregate net profits grew 69.8% to AMD 29 billion in Jan-Sept 2017 from AMD 17.3 billion in the same period a year before

Armenian investment companies’ undistributed profits grow 2.5 times in 2016

Economy
Armenian investment companies’ undistributed profits grew 2.5 times in 2016, compared with the previous year, to AMD 1 951 million, the Central Bank of Armenia reports

Central Bank: Armenian banks to end this year with profits

Banks
Armenian banks will end this year with profits, Andranik Grigoryan, chief of the Armenian central bank’s financial system stability and development division, told journalists on Friday

Decline in Armenian banks’ net profits caused by drop in their interest rate spread, CB chairman says

Banks
The decline in Armenian banks' net profits is caused by the drop in the banks' interest rate spread, chairman of the Central Bank Arthur Javadyan said in an interview with 'Zhamanak' (Time) daily

ARKA releases ranking of Armenian banks by size of net profits in first half of 2015

Announces
ARKA news agency has released a recurrent ranking of Armenian banks in terms of net profit earned in the first half of 2015

Armenian credit organizations earned last year 6.2 billion drams in net profits

Loans
Armenian credit organizations earned last year 6.2 billion drams in net profits, by 7.5% more than in 2012, according to "Credit Organizations of Armenia" bulletin for the IV quarter of 2013

Armeconombank earns AMD 345.5 million in profits in 2012

Banks
Armeconombank earned AMD 345.5 million in profits in 2012 against AMD 497.3 million in 2011, Armen Naljyan, chairman of the bank’s board, told journalists on Friday

Araratbank posts 2.2 billion drams in net profits for 2011

Banks
Araratbank posts 2.2 billion drams in net profits for 2011.

Armenian Insurance Companies Post 2.3 Billion Drams In Net Profits For The First Nine Months

Insurance
Armenian insurance companies posted 2.3 billion drams in net profits for the first nine months of the year.

Net profits of Armenian banks in first nine months grows by 18.4% to 24.5 billion drams

Banks
Net profits of Armenian banks in the first nine months grew by 18.4% from a year earlier to about 24.5 billion drams.

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ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

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