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Tag: PURCHASE

Ranking of Armenia’s Most Profitable Banks for the Third Quarter of 2025

The ARKA News Agency has released a ranking of the most profitable commercial banks in Armenia for the third quarter of 2025.

Armenia’s banking system profit in Q3 2025 increased by 15.75% to 107.2 billion drams

The net profit of Armenia's banking system in the third quarter of 2025 amounted to 107.2 billion drams, an increase of 15.57% compared to the same quarter of 2024, and a 7.39% increase compared to the second quarter of this year.

Armenia’s banking sector profit in H1 2025 increased by 20.51% to AMD 200.7 bln

The net profit of Armenia's banking system for the first 6 months of 2025 exceeded AMD 200.7 billion, increasing by 20.51% compared to the beginning of the current year.

Armenian banks will have to create separate companies to provide crypto services – Central Bank

Banks and holdings wishing to provide services related to cryptocurrency will have to open separate companies and obtain a license.

Investigative Committee of Armenia intends to fight bank fraudsters together with  Central Bank

Armenia's Investigative Committee, together with the Central Bank, are set to develop a string of tools and mechanisms that will help prevent fraudsters from stealing citizens' money, the head of the Investigative Committee Artur Poghosyan said today in parliament.

Profit of the Armenian banking system in the first quarter of 2025 increased by 24.9% to 100.6 billion drams

he net profit of the Armenian banking system in the first quarter of 2025 exceeded 100.6 billion drams, increasing by 24.9% compared to the first quarter of 2024.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

S&P predicts the future of CCA banks, including Armenia, in the event of a Russian-Ukrainian ceasefire

A hypothetical ceasefire between Russia and Ukraine would not have a significant immediate impact on the banking sector of Central Asian and Caucasus countries, including Armenia, Azerbaijan, Georgia, Kazakhstan and Uzbekistan, according to a commentary by S&P Global Ratings analysts, as reported by FrankMedia.

Significant easing of monetary conditions in Armenia had limited impact on banks’ rates – EFSD

Amid low inflation rates, the Central Bank of Armenia has substantially eased monetary conditions, but this has had a limited impact on banks' rates, the Eurasian Fund for Stabilization and Development's (EFSD) regional economic review “Winter 2024-2025” says.

Record growth of Armenian banks’ profits will allow reaching planned level of economic activity in 2025 – Galstyan

Armenia's banks have reported record profit growth in 2024, Central Bank Chairman Martin Galstyan said today.

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

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

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.