YEREVAN, January 28. \/ARKA\/. ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.<\/p>\n\n\n\n
The net profit of Armenia-based banks in 2024 amounted to AMD 363.1 bln, against AMD 225.7 bln received in 2023, increasing by 60.9%. All 17 banks operated at a profit\u2024 At the same time, 15 banks’ profits increased by 80.5% compared to last year, while three banks’ profits decreased by 0.7%.<\/p>\n\n\n\n
According to the ranking of ARKA news agency, the top 5 banks in terms of profit were Ardshinbank, Ameriabank, Inecobank, Acba Bank and IDBank. They accounted for 73% or AMD 266.1 bln of the total banking profit.<\/p>\n\n\n\n
Ardshinbank\u2019s net profit amounted to AMD 132.7 billion against a profit of AMD 61.1 billion in 2023 (117.2% growth).<\/p>\n\n\n\n
Ameriabank with a profit of AMD 60 bln vs. AMD 46.1 bln profit in 2023 (growth – 30.4%) was second.<\/p>\n\n\n\n
Third was Inecobank with a profit of AMD 29.2 bln in 2024 vs. AMD 26.4 bln in 2023 (10.8% growth).<\/p>\n\n\n\n
Acba Bank with a profit of AMD 28.4 bln, down 0.1% year-on-year was fourth. And IDBank closed the top five. The bank’s profit was almost the same as in the previous year – 15.8 billion drams, (up 0\u20242%).<\/p>\n\n\n\n
The ranking of the banks is compiled based on ARKA news agency’s bulletin \u201cBanks of Armenia\u201d, prepared on the basis of Armenian banks’ reports published in accordance with IFRS.<\/p>\n\n\n\n
To purchase this bulletin and other information products of the ARKA news agency, please contact the Marketing Department (e-mail: sales@arka.am). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"
ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.<\/p>\n","protected":false},"author":5,"featured_media":259235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9216,13105],"tags":[],"class_list":["post-259594","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-ratings"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t