{"id":20023,"date":"2011-02-22T15:22:32","date_gmt":"2011-02-22T15:22:32","guid":{"rendered":"https:\/\/armbanks.am\/2011\/02\/22\/232370\/"},"modified":"2024-12-15T12:50:05","modified_gmt":"2024-12-15T12:50:05","slug":"per-employee-profit-at-armenian-banking-system-averages-amd-3729000-in-2010","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2011\/02\/22\/20023\/","title":{"rendered":"Per-employee profit at Armenian banking system averages amd 3,729,000 in 2010"},"content":{"rendered":"

YEREVAN, February 22. \/ARKA\/. <\/strong>Per-employee profit at Armenian banking system averaged AMD 3,729,000 (about $10,000 at $1 = AMD 373.66 exchange rate) in 2010.<\/p>\n

Analysis of commercial banks\u2019 financial reports shows that monthly per-employee profit averaged AMD 310,800 ($831.8) in the fourth quarter of 2010.<\/p>\n

Per-employee assets amounted to AMD 173,203,000 or $463,500 in late December.<\/p>\n

Some 9,050 people worked at 21 commercial banks in Armenia in late December, and aggregate profits amounted to AMD 33749.7 million ($90.3 million) in 2010.<\/p>\n

Mellat Bank was singled out for the largest per-employee profit \u2013 AMD 27,509,000 ($73,600). One employee ensured monthly profit of AMD 2,292,400 to the bank.<\/p>\n

The bank\u2019s per-employee assets amounted to AMD 850.3 million ($2,275,600) in late September \u2013 the best result in the country\u2019s banking system.<\/p>\n

HSBC Bank Armenia showed the second personnel administration effectiveness result in 2010. One employee brought AMD 12,120,000 ($32,400) to the bank in 2010 or AMD 1,010,000 ($2,700) monthly.<\/p>\n

ArmSwissbank, with its full year AMD 10,852,000 ($29,000) and monthly AMD 721,400 (about $1,900) per-employee profit, came third in 2010.<\/p>\n

Ameriabank, with AMD 8,869,000 ($23,700), and Armenian Development Bank, with AMD 6,125,000 ($16,400) were singled out for a good personnel management.<\/p>\n

All the mentioned banks\u2019 aggregate per-employee profits exceeded AMD 6 million in 2010.<\/p>\n

The analysis shows that three banks had per-employee profit exceeding AMD 10 million in 2010, 15 banks over AMD 1 million and two banks less than AMD 1 million.<\/p>\n

One bank sustained losses. ($1 = AMD 365.22).\u20130\u2013<\/p>\n","protected":false},"excerpt":{"rendered":"

Per-employee profit at Armenian banking system averaged AMD 3,729,000 (about $10,000 at $1 = AMD 373.66 exchange rate) in 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":[15837,12415,319],"class_list":{"0":"post-20023","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","10":"tag-319"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/20023","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=20023"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/20023\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=20023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=20023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=20023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}