Armenian banks’ retained earnings in the first nine months of 2011 grow by 29.43%

18.10.2011 18:06
Armenian banks’ retained earnings in the first nine months of 2011 grow by 29.43%

YEREVAN, October 18. / ARKA /. Armenian banks’ retained earnings in the first nine months of 2011 rose by 29.43% from a year earlier to over 31.7 billion drams, up from 24.5 billion drams in the same period in 2010, according to ARKA news agency’s financial-economic bulletin "Banks of Armenia" showing the indicators for the third quarter of 2011.

It should be noted that the total income of 20 out of 21 banks in January-September rose to 31.5 billion drams from 24.3 billion during the same period in 2010, reported by 19 banks. One bank reported a loss of 254.1 million drams. According to the agency "ARKA", the three leading banks were by size of income

rating Bank 09.30.2011

AMD, thous.

 % rise from 06.30.2010
1 ACBA Credit Agricole Bank 4 649 400 57.31
2 HSBC Bank Armenia 4 607 908 53.33
3 Bank VTB (Armenia) 3 887 631 21.86

There are 21 commercial banks in Armenia ($1 – 375.4 drams). -0-


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Tags: , , Новости Армении АМИ Новости-Армения

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