Net profits of Armenia’s all banks grow 48.6% in Jan-June 2016

18.07.2017 18:09
Net profits of Armenia’s all banks grow 48.6% in Jan-June 2016

YEREVAN, July 18. /ARKA/. The aggregate net profits of Armenia's all banks have grown 48.6% from AMD 12.8 billion in Jan-June 2016 to AMD 19 billion in the same period of 2017.

According to quarterly reports, only one of Armenia's 17 banks ended the first half of 2016 with losses (AMD 4.5 billion), while in the same period of the previous year three banks accounted for losses (AMD 2.6 billion).

Armenia's banks had their profits increased thanks to increasing their authorized capital and consolidations in 2016.

As for assets and liabilities, they have grown no more than 2% since the beginning of this year

Assets of Armenia's banks have grown 1.64% since the beginning of this year to AMD 4 156.75 billion by late June, and their credit exposure amounted to AMD 2 600.1 billion showing a 1.71% growth.

The banks' liabilities totaled AMD 3 487.3 billion with 1.76% growth.

Liabilities to clients (accounts and deposits) have grown 4.25% since the beginning of this year to AMD 2 424.7 billion.

Their total capital amounted to AMD 669.4 billion after growing 1.07%. --0----


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