YEREVAN, May 25. \/ARKA\/. Per-employee profit in Armenian banking system in the first quarter of this year averaged AMD 1,149,000 or $3,100 (on the then exchange rate $1= AMD 369.68 set by the Central Bank of Armenia).<\/p>\n
Analysis based on banks\u2019 quarterly financial reports shows that monthly per-employee profit averaged AMD 383,000 or $1,030 in the 1st Q 2011. Average per-employee assets amounted to AMD 180,645 or $488,700.<\/p>\n
Some 9,232 people worked at Armenia\u2019s 21 banks in late March 2011. Profits for the 1st Q 2011 totaled AMD 10608.6 million or $28.7 million.<\/p>\n
Mellat Bank accounted for AMD 32,448,000 or $87,800, the largest per-employee profit in Armenia\u2019s banking system, in the first quarter of this year. It means one employee ensured AMD 10.8 million or $29,300 monthly profit to the bank. Mellat Bank\u2019s per-employee assets averaged AMD 1295 million or $3,504,000 \u2013 the best indicator among Armenian banks.<\/p>\n
HSBC Bank Armenia, with its AMD 4,210,000 or $11,400 per-employee profit (AMD 1,403,000 or $3,800 monthly), came second in this ranking.<\/p>\n
Ameriabak, with AMD 1,971,000 or $5,300 (AMD 657,000 or $1,800 monthly) ranked third.<\/p>\n
Prometey Bank\u2019s one employee brought AMD 1,906,000 or $5,200 to their bank in the 1st Q 2011.<\/p>\n
Armbusinessbank\u2019s per-employee profit averaged AMD 1,400,000 or $3,800.<\/p>\n
Eight banks\u2019 per-employee profit exceeded AMD 1 million, and 13 banks had less than AMD 1 million per-employee profit in the first quarter of this year. ($1 = AMD 375.62).-0–<\/p>\n","protected":false},"excerpt":{"rendered":"
Armenian banking system\u2019s per-employee profit averages AMD 1,149,000 in 1st Q 2011.<\/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":[15837,12918,12919,12734],"class_list":{"0":"post-23583","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-systems","10":"tag-per-employee-profit","11":"tag-children"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/23583","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=23583"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/23583\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=23583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=23583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=23583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}