{"id":98012,"date":"2016-05-17T13:04:52","date_gmt":"2016-05-17T13:04:52","guid":{"rendered":"https:\/\/armbanks.am\/2016\/05\/17\/244664\/"},"modified":"2024-12-15T13:23:41","modified_gmt":"2024-12-15T13:23:41","slug":"armenian-banks-overall-costs-in-first-quarter-of-2016-decreased-by-3-81-to-26-1-billion-drams","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/05\/17\/98012\/","title":{"rendered":"Armenian banks&#8217; overall costs in first quarter of 2016 decreased by 3.81% to 26.1 billion drams"},"content":{"rendered":"<p><strong>YEREVAN, May 17. \/ARKA\/.<\/strong> Armenia-based banks&#8217; overall expenses in the first quarter of 2016 decreased by 3.81% from the year before to 26.1 billion drams, according to an ARKA news agency&#8217;s study, based on the financial statements of the banks.<\/p>\n<p>The banks&#8217; administrative expenses in the first quarter of 2016 decreased by 2.16% when compared to the first quarter of 2015 to 20.2 billion drams, including a 2.25% cut in salary costs to 13.3 billion drams.<\/p>\n<p>Other administrative expenses slashed by 9% to about 6 billion drams. More specifically, depreciation expense fell by 7.28% to 2.9 billion drams, while advertising costs declined by 6% to 757 million drams.<\/p>\n<p>The top five banks in terms of expenditures were ACBA-CREDIT AGRICOLE BANK,\u00a0 VTB Bank (Armenia), HSBC Bank Armenia, Ardshinbank and Ameriabank. Together they accounted for approximately 47.5% (12.4 billion drams) of the total expenditures in the first quarter of 2016.<br \/>\nWith 3.6 billion drams ACBA-CREDIT AGRICOLE BANK accounted for 11.9% of all expenses, a 25.4% decline year-on-year.<\/p>\n<p>VTB Bank (Armenia) expenses declined by 33.4% to 2.8 billion drams; those of HSBC Bank Armenia fell by 0.1% to 2 billion drams; Ardshinbank&#8217;s expenses dropped by 10.14% to 2 billion drams and those of Ameriabank fell by 4.18% to 1.9 billion drams.<\/p>\n<p>Currently, there are 20 commercial banks operating in Armenia. In 2015 Inecobank acquired 100% stake in ProCredit Bank. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia-based banks&#8217; overall expenses in the first quarter of 2016 decreased by 3.81% from the year before to 26.1 billion drams<\/p>\n","protected":false},"author":1,"featured_media":158548,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12163,14194,13372],"class_list":{"0":"post-98012","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-banks","11":"tag-overall-costs","12":"tag-quarter"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/98012","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=98012"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/98012\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/158548"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=98012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=98012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=98012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}