Armenian Banks’ Aggregate Net Profit Grows 61% To AMD 19.3 Billion

03.08.2011 20:51
Armenian Banks’ Aggregate Net Profit Grows 61% To AMD 19.3 Billion

YEREVAN, August 3. /ARKA/. Armenian banks’ aggregate net profit for the first half of this year totals AMD 19.3 billion against 12 billion for the same period a year earlier (61% year-on-year growth), the Central Bank of Armenia says in its review.

Banks’ profits before taxation amounted to AMD 24.2 billion in the 1st half of 2011 against AMD 15.1 billion in the same period a year before.

Armenian banks’ aggregate interest income amounted to AMD 81.9 billion, and their interest spending AMD 36.9 billion.

Non interest income totaled AMD 21.9 billion against AMD 37.97 billion a year earlier.

As a result, net interest income amounted to AMD 45.05 billion in the first half of this year against AMD 36 billion, and net non interest income minus AMD 16 billion against AMD 15.1 billion.

As a result of banks’ AMD 35.9 billion net assignments to the reserve on possible losses and return of AMD 31.1 billion from the reserve, net assignments totaled AMD 4.8 billion in the first half of 2011 against 5.8 billion a year earlier.

Some 21 banks operated in Armenia as of June 30, 2011. ($1 = AMD 364.05). --0---


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