YEREVAN, July 29 / ARKA /. ARKA news agency has released the latest ranking of the commercial banks in Armenia by size of their net profit, based on their performance in the first half of 2020.

The net profit of

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In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency’s ranking of the most profitable commercial banks in the fourth quarter of 2019

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In 2019, the overall loan portfolio of Armenia’s banking sector grew by 16.4% to 3.572.2 trillion drams

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ARKA news agency has released its economic and financial bulletin “Credit Organizations of Armenia” for the first quarter of 2019. The bulletin is compiled based on officially published financial reports of credit organizations (CO)

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The combined loan portfolio of Armenia-based 17 commercial banks in the first quarter of 2019 amounted to 3,126.7 trillion drams

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ARKA news agency has released a fresh issue of its regular bulletin “The Insurance Companies of Armenia” for the fourth quarter of 2018

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According to a ranking of Armenia’s most profitable credit organizations in 2018

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ARKA news agency has released its quarterly economic and financial bulletin – “Credit Organizations of Armenia” for the fourth quarter of 2018

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ARKA news agency has released a new issue of its quarterly bulletin “Banks of Armenia” for the fourth quarter of 2018

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The outgoing year was marked with political events, particularly with change of power – heads of governing agencies and ministers, including the ministers of the economic sector, were replaced by new persons

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