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  • Archive for October 18th, 2013

    Armenian banks’ retained earnings surged by 25.5 percent in the first nine months to 35.270.5 billion drams

    Friday, October 18th, 2013

    Armenian banks’ retained earnings surged by 25.5 percent in the first nine months to 35.270.5 billion drams from 28.106.9 billion drams in the same time span in 2012, according to “Banks of Armenia” financial-economic newsletter, compiled by ARKA news agency for the n the third quarter of 2013

    Imports financing by HSBC Bank Armenia rose to 20bln drams in nine months

    Friday, October 18th, 2013

    Trade financing by HSBC Bank Armenia amounted to 20 billion drams in the nine months of 2013, an increase of 31% against the year before, head of the bank’s trade financing Kamo Margaryan told reporters at the 8th trade financing academy Friday

    Assets of Armenia’s banking system rose by 13.54% to 2,719.6 bln drams in Q3

    Friday, October 18th, 2013

    Aggregate assets of Armenia’s banking system amounted to 2,719.6 billion drams as of the end of September 2013, an increase of 13.54% from the beginning of the year