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).

Analysis based on banks’ 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.

Some 9,232 people worked at Armenia’s 21 banks in late March 2011. Profits for the 1st Q 2011 totaled AMD 10608.6 million or $28.7 million.

Mellat Bank accounted for AMD 32,448,000 or $87,800, the largest per-employee profit in Armenia’s 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’s per-employee assets averaged AMD 1295 million or $3,504,000 – the best indicator among Armenian banks.

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.

Ameriabak, with AMD 1,971,000 or $5,300 (AMD 657,000 or $1,800 monthly) ranked third.

Prometey Bank’s one employee brought AMD 1,906,000 or $5,200 to their bank in the 1st Q 2011.

Armbusinessbank’s per-employee profit averaged AMD 1,400,000 or $3,800.

Eight banks’ 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--