{"id":259219,"date":"2025-01-23T10:36:47","date_gmt":"2025-01-23T06:36:47","guid":{"rendered":"https:\/\/armbanks.am\/?p=259219"},"modified":"2025-01-23T10:36:49","modified_gmt":"2025-01-23T06:36:49","slug":"armenias-banking-system-reports-a-profit-of-363-billion-drams-in-2024","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2025\/01\/23\/259219\/","title":{"rendered":"Armenia&#8217;s banking system reports a profit of 363 billion drams in 2024"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>YEREVAN, January 23. \/ARKA\/. <\/strong>The profit of Armenia&#8217;s banking system for 2024 amounted to approximately 363 billion drams, according to the Union of Banks of Armenia (UBA).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As reported earlier, the banking system of Armenia generated a profit of about 230 billion drams by the end of 2023, which is 9.2% lower than in 2022.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the latest report, total capital increased by 300 billion drams, or 20%, reaching 1,779 billion drams by the end of 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Total assets grew by about 1,838 billion drams, or 20%, totaling 11,023 billion drams.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During the reporting period, credit investments increased by 1,253 billion drams (25%), reaching 6,277 billion drams.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Liabilities to customers rose by approximately 918 billion drams (17%), totaling 6,431 billion drams.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As of the end of 2024, there were 18 commercial banks operating in Armenia. ($1 = AMD 398.74).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The profit of Armenia&#8217;s banking system for 2024 amounted to approximately 363 billion drams, according to the Union of Banks of Armenia (UBA).<\/p>\n","protected":false},"author":5,"featured_media":196598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12315,9214,9216],"tags":[12688],"class_list":["post-259219","post","type-post","status-publish","format-standard","has-post-thumbnail","category-announces","category-banks-en-en","category-news","tag-armenia-analyst-inflation"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"The profit of Armenia&#039;s banking system for 2024 amounted to approximately 363 billion drams, according to the Union of Banks of Armenia (UBA).\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"engeditor\"\/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<meta name=\"keywords\" content=\"armenia analyst inflation\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2025\/01\/23\/259219\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Armenia\u2019s banking system reports a profit of 363 billion drams in 2024 - 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