YEREVAN, February 27. /ARKA/. Operating profits of Armenian commercial banks climbed by 33.7% to 161 billion drams at the end of 2012 from the third quarter.

ARKA agency’s research highlighted VTB Bank (Armenia) as a top Armenian bank with the highest  operating profit—18 billion drams versus 14 billion drams in Q3.

Operating profits of ACBA-CREDIT AGRICOLE BANK valued at 17.8 billion drams against 13.2 billion drams, of HSBC Bank Armenia—17.6 billion drams versus 13.1 billion drams in Q3.
Four-quarter net interest income of Armenia’s commercial banks was 119 billion drams which was 33.8% higher from 3Q.  Net fee and commission income was 18 billion drams which was 29.3% higher from the 3Q.

VTB Bank (Armenia) has the biggest net interest income within the reported period—15.1 billion drams against 11.3 billion drams from 3Q.

Net interest income of ACBA-CREDIT AGRICOLE BANK stood at 13.9 billion drams versus 10.5 billion drams, of HSBC Bank Armenia—13.7 billion drams against 10.1 billion drams.
Ardshininvestbank has the biggest net fee and commission income—3 billion drams against 2.1 billion drams in 3Q; HSBC Bank Armenia—2.2 billion drams (1.6 billion in 3Q); VTB Bank (Armenia)—2.1 billion drams (1.4 in 3Q).

As of 31 December 2012 there are 21 commercial banks with 479 branches. ($1 – 409.13). —0-