YEREVAN, November 8. /ARKA/. Armenian banking sector’s year-on-year return on assets (ROA) was 2.29% in the third quarter of this year against 2.13% by June 30, 2010.

ARKA News Agency’s analysis based on banks’ quarterly financial reports shows that banks’ year-on-year return on equity (ROE) was 10.66% in the third quarter against 10% in late June.

Inecobank, with its 4.29% year-on-year ROA against 4.16% in late June, was the largest profit-gainer among Armenian banks in the third quarter.

The bank ranked third for its 18.36% year-on-year ROE in the 3rd Q against 18.14% in June.

Artsakhbank came first in ARKA News Agency’s ROE ranking (21.86% against 24.43% a quarter earlier), but ranked fifth for its 3.57% ROA against 3.99% in June.

Mellat Bank, with 4.12% year-on-year ROA against 3.46% a quarter earlier, came second.

The bank was placed ninth in the third quarter’s ROE ranking (10.99% against 8.21% three months earlier).

HSBC Bank Armenia was placed second in the ROE ranking (21.15% against 20.6%).

Armenian Development Bank and VTB Bank (Armenia), with their 3.86% and 3.67% year-on-year ROA, ranked fourth and fifth in the third quarter.

VTB Bank (Armenia) and Converse Bank occupied the same positions in the ROE rating (16.13% and 15.31% respectively).

Some 21 commercial banks with their 399 branches function in Armenia.--0--