Q1 retained earnings of Armenia’s 21 banks down 0.37% to AMD 8.5 bln

17.04.2013 17:30
Q1 retained earnings of Armenia’s 21 banks down 0.37% to AMD 8.5 bln

YEREVAN, April 17. /ARKA/. Retained earnings of 21 commercial banks of Armenia stood at nearly 8 490,7 million drams in 1Q 2013 versus 8522,4 million drams in the same quarter a year earlier. They are said to tumble by 0.37%, according to ARKA news agency’s Banks of Armenia bulletin.

Fifteen out of 21 Armenia-based banks posted profits. The other six banks lost total of 1.39 billion drams in the reported period, whereas a year ago only four banks reported losses (770.3 million drams).

Below are five top banks with the highest profit  within the reported period.

Place Bank 03/31/2013

Thousand drams

From  

03/31/2012 (%)

1 HSBC Bank Armenia 1,958,409 9.27
2 Ameriabank 1,413,228 44.74
3 Ardshininvestbank 1,042,139 259.16
4 VTB Bank (Armenia) 897,874 0.69
5 ACBA-CREDIT AGRICOLE BANK 768,604 -28.88

As of 31 March 2013 there were 21 banks in Armenia. ($1 – 416.77 drams). -0-


Tags: , ,

Partners news
Loading...

Related Posts