{"id":17313,"date":"2010-11-24T13:53:45","date_gmt":"2010-11-24T13:53:45","guid":{"rendered":"https:\/\/armbanks.am\/2010\/11\/24\/231880\/"},"modified":"2024-12-15T12:49:03","modified_gmt":"2024-12-15T12:49:03","slug":"armenian-banking-systems-per-employee-profit-averages-amd-2-7-million-in-jan-sept-2010","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2010\/11\/24\/17313\/","title":{"rendered":"Armenian banking system\u2019s per-employee profit averages AMD 2.7 million in Jan-Sept 2010"},"content":{"rendered":"

YEREVAN, November 24. \/ARKA\/.<\/strong> Armenian banking system\u2019s profit per one employee averaged AMD 2,725,000 or $7,200 in Jan-Sept 2010.<\/p>\n

Analysis of commercial banks\u2019 reports shows that the banking system\u2019s monthly per-employee profit amounted to AMD 302,800 ($801.1) at the mentioned period.<\/p>\n

Per-employee assets amounted to AMD 164,546 or $435,300 by late September.<\/p>\n

Some 8,826 people worked at the 21 Armenian commercial banks and their profits totaled AMD 2451.3 million (63.6 million) in Jan-Sept 2010.<\/p>\n

Mellat Bank, with its AMD 14.9 million ($39.400), was the biggest per-employee profit-gainer in Jan-Sept 2010.<\/p>\n

One employee ensured monthly profit of AMD 1,654,800 ($4,400) to the bank at this period. Mellat Bank\u2019s per-employee assets amounted to AMD 718.9 million ($1,901,900) in late September. This was the best indicator in Armenian banking system.<\/p>\n

HSBC Bank Armenia showed the second best result among Armenian commercial banks in Jan-Sept 2010.<\/p>\n

Its per-employee profit was AMD 8.3 million or $21,800 at the mentioned period (monthly AMD 917,300 or $2,400).<\/p>\n

Ameriabank came third in this per-employee profit ranking. Its one employee brought AMD 6.5 million or $17,200 (monthly AMD 721,400 or $1,900) to the bank.<\/p>\n

Armswissbank, with AMD 6 million or $16,100 per-employee profit, and Armenian Development Bank, with AMD 5.9 million or $16,100, were singled out in Jan-Sept 2010 for their effective management of personnel as well.<\/p>\n

Aggregate per-employee profits of all the mentioned banks exceeded AMD 5.5 million.<\/p>\n

Analysis of Armenian banks\u2019 activities shows that one bank\u2019s per-employee profit exceeded AMD 14.5 million in Jan-Sept 2010.<\/p>\n

Four banks had over AMD 5.5 million per-employee profits in Jan-Sept 2010 and 12 banks less than AMD 1 million.<\/p>\n

Two banks sustained losses. ($1 = AMD 362.09).<\/p>\n

Table. Effectiveness of personnel administration in Armenian banks at the #rd Q 2010.*<\/em><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Ranks<\/td>\nBanks<\/td>\nThe<\/p>\n

number of employees<\/td>\n

Per-employee profit, thousand drams<\/td>\nPer<\/p>\n

-employee assets, thousand drams<\/td>\n

Per-employee operational profit, thousand drams<\/td>\n<\/tr>\n
1<\/td>\nMellat Bank<\/td>\n39<\/td>\n14,893<\/td>\n718,863<\/td>\n27,270<\/td>\n<\/tr>\n
2<\/td>\nHSBC Bank Armenia<\/td>\n364<\/td>\n8,256<\/td>\n351,111<\/td>\n24,972<\/td>\n<\/tr>\n
3<\/td>\nAmeriabank**<\/td>\n320<\/td>\n6,493<\/td>\n476,501<\/td>\n17,761<\/td>\n<\/tr>\n
4<\/td>\nArmswissbank<\/td>\n81<\/td>\n6,095<\/td>\n403,558<\/td>\n16,675<\/td>\n<\/tr>\n
5<\/td>\nArmenian Development Bank<\/td>\n111<\/td>\n5,899<\/td>\n196,420<\/td>\n13,127<\/td>\n<\/tr>\n
6<\/td>\nPrometey Bank<\/td>\n131<\/td>\n4,879<\/td>\n196,116<\/td>\n11,195<\/td>\n<\/tr>\n
7<\/td>\nInecobank<\/td>\n425<\/td>\n3,681<\/td>\n123,239<\/td>\n8,919<\/td>\n<\/tr>\n
8<\/td>\nArmbusinessbank<\/td>\n501<\/td>\n3,420<\/td>\n234,625<\/td>\n10,346<\/td>\n<\/tr>\n
9<\/td>\nVTB Bank (Armenia)<\/td>\n958<\/td>\n3,330<\/td>\n113,043<\/td>\n8,238<\/td>\n<\/tr>\n
10<\/td>\nACBA-Credit Agricole Bank<\/td>\n915<\/td>\n3,230<\/td>\n188,781<\/td>\n11,577<\/td>\n<\/tr>\n
11<\/td>\nArtsakhbank<\/td>\n458<\/td>\n2,911<\/td>\n119,068<\/td>\n8,117<\/td>\n<\/tr>\n
12<\/td>\nAraratbank<\/td>\n346<\/td>\n2,835<\/td>\n121,964<\/td>\n7,245<\/td>\n<\/tr>\n
13<\/td>\nConverse Bank<\/td>\n564<\/td>\n2,659<\/td>\n140,891<\/td>\n7,816<\/td>\n<\/tr>\n
14<\/td>\nAreximbank \u2013 Gazprombank Group<\/td>\n359<\/td>\n1,804<\/td>\n156,915<\/td>\n8,033<\/td>\n<\/tr>\n
15<\/td>\nArdshininvestbank<\/td>\n1,068<\/td>\n1,406<\/td>\n107,653<\/td>\n6,098<\/td>\n<\/tr>\n
16<\/td>\nUnibank<\/td>\n609<\/td>\n1,384<\/td>\n177,371<\/td>\n8,850<\/td>\n<\/tr>\n
17<\/td>\nAnelik Bank<\/td>\n444<\/td>\n1,032<\/td>\n118,659<\/td>\n8,155<\/td>\n<\/tr>\n
18<\/td>\nBTA Bank<\/td>\n135<\/td>\n595<\/td>\n58,705<\/td>\n5,529<\/td>\n<\/tr>\n
19<\/td>\nByblos Bank Armenia<\/td>\n78<\/td>\n537<\/td>\n283,259<\/td>\n13,806<\/td>\n<\/tr>\n
20<\/td>\nArmeconombank<\/td>\n659<\/td>\n-138<\/td>\n81,515<\/td>\n5,054<\/td>\n<\/tr>\n
21<\/td>\nProCredit Bank<\/td>\n261<\/td>\n-456<\/td>\n80,025<\/td>\n5,876<\/td>\n<\/tr>\n
<\/td>\nTotal<\/td>\n8,826<\/td>\n2,725<\/td>\n164,546<\/td>\n9,438<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

– ARKA News Agency\u2019s analysis based on banks\u2019 financial reports for the 3rd<\/sup> Q 2010<\/p>\n","protected":false},"excerpt":{"rendered":"

Armenian banking system\u2019s profit per one employee averaged AMD 2,725,000 or $7,200 in Jan-Sept 2010.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12504,12299,309],"class_list":{"0":"post-17313","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-armenia-2","9":"tag-banking-system","10":"tag-profit","11":"tag-309"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/17313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=17313"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/17313\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=17313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=17313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=17313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}