YEREVAN, October 20. /ARKA/. Eighteen Armenia-based commercial banks earned a total of 214.96 billion drams in net profit in the first nine months of 2023, by almost 11 % more than in the same time span of 2022, according to the banks' reports published in accordance with IFRS.

All 18 banks posted profit.

Ardshinbank earned about AMD 57 billion (38.52% growth), Ameriabank was second with a net profit of AMD 34.3 billion (10.78% growth), and Acba Bank was third with a net profit of about AMD 21 billion (28.02% growth).

Total assets of Armenian banks (unaudited) as of 30.09.2023 stood at 8.8 trillion drams (4.55% growth compared to the beginning of the year).

Credit investments of the banks (unaudited) amounted to AMD 4.7 trillion, having increased by 13.08% since the beginning of the year.

Liabilities (unaudited) reached 7.3 trillion drams (2.90% growth against the beginning of the year), while liabilities to customers (unaudited) amounted to 5.3 trillion drams, increasing by 4.74%.

The total capital of Armenian banks (unaudited) amounted to AMD 1.5 trillion, increasing by 13.48% from the beginning of the year, while their authorized capital (unaudited) amounted to AMD 735.3 billion, increasing by 0.50%. ($1 - AMD 401.82) -0-.