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Tag: salary fund

Armenian banks’ salary fund grew by 9.5% to 47.5 billion drams

In the first 9 months of 2018 Armenia-based commercial banks’ expenses on salaries increased by 9.58% from the year before to 47.5 billion drams, making 51.7% of their total administrative and other operating expenses

Armenian banks’ salary fund grew by 6.4% in 9 months

In the first three quarters of 2017 Armenia-based commercial banks’ expenses on wages increased by 6.4% from the year before to 43.2 billion drams

Armenian banks’ salary fund grew by 8% in first quarter to 14.4 billion drams

In the first quarter of 2017 Armenia-based commercial banks’ expenses on wages increased by 8% from the year before to 14.4 billion drams, making 53.7% of their total administrative and other operating expenses