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  • Archive for April 21st, 2023

    Armenian banks' ranking by loan portfolio size in first quarter of 2023

    Friday, April 21st, 2023

    In the first quarter of 2023, Armenia’s banks’ loan portfolio grew by 3.4% to over AMD 4.3 trillion as of 31.03.2023

    Net profit of Armenian banks in first quarter of 2023 more than double year-on-year

    Friday, April 21st, 2023

    Eighteen Armenia-based commercial banks earned 70 billion drams in net profit in the first quarter of 2023, by 115.4% more from the same time span in 2022, according to the banks’ statements published in accordance with international financial reporting standards (IFRS). All 18 banks operated with profit