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Ranking of most profitable Armenian banks in quarter one, 2018

19.04.2018 18:12

Ranking of most profitable Armenian banks in quarter one, 2018

YEREVAN, April 19. /ARKA/. According to ARKA news agency’s quarterly ranking of the most profitable banks, 17 Armenia-based commercial banks earned a total of 20.1 billion drams in net profit in the first quarter of 2018, up from 10.7 billion drams they had earned in the same period last year. The growth was 87.2%. All 17 banks closed the first quarter with a profit.

The top five banks in terms of net profit growth were Artsakhbank, Ameriabank, Ardshinbank, ACBA-CREDIT AGRICOLE BANK and Inecobank.

Artsakhbank’ net profit grew to 2.8 billion drams. Incidentally, in the first three months of last year the bank reported 531.6 million drams in losses. Ameriabank’s net profit surged by 56% to 2.56 billion drams. Ardshinbank earned 2.18 billion drams (a 76.27% growth).

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Armenian banks’ net profit in quarter one doubles

19.04.2018 18:05

Armenian banks’ net profit in quarter one doubles

Seventeen Armenia-based commercial banks earned a total of 20.1 billion drams in net profit in the first quarter of 2018, up from 10.7 billion drams they had earned in the same period last year. The growth was 87.2%. All 17 banks closed the first quarter with a profit

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Armenian banks bought $93.6 million last week

17.04.2018 15:37

Armenian banks bought $93.6 million last week

Armenian banks bought a total of $93.6 million at the local inter-bank forex market in a time span from April 9 to April 13 at the weighted average exchange rate of 481.97 drams per one USD, the Central Bank reported today

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Ranking of Armenian banks with highest interest rates on deposits

06.04.2018 17:54

Ranking of Armenian banks with highest interest rates on deposits

Interest rates on deposits in USD offered by Armenia-based commercial banks are significantly lower than the rates on deposits in the national currency, the dram. According to the Central Bank

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Around $90 million bought by Armenian banks last week

03.04.2018 18:47

Around $90 million bought by Armenian banks last week

Armenia’s commercial banks bought around $90 million from the local foreign currency market on March 26 to 30 at the average weighted exchange rate of 479.52 drams per one USD, the Central Bank of Armenia reported on Monday

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Ranking of most lucrative deposits at Armenian banks

28.03.2018 18:48

Ranking of most lucrative deposits at Armenian banks

Interest rates on dram deposits at Armenia’s banks remain down

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Around $80.6 million bought by Armenian banks last week

26.03.2018 17:57

Around $80.6 million bought by Armenian banks last week

Armenia’s commercial banks bought around $80.6 million from the local foreign currency market on March 19 to 23 at the average weighted exchange rate of 479.56 drams per one USD, the Central Bank of Armenia reported on Monday

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Consumer lending by Armenian banks grew by 4% to 532.2 billion drams

21.03.2018 17:24

Consumer lending by Armenian banks grew by 4% to 532.2 billion drams

Consumer lending by Armenian banks at the end of January, 2018 amounted to 532.2 billion drams, an increase of 4% when compared to 2017 December

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Around $194.2 million bought by Armenian banks last week

19.03.2018 18:28

Around $194.2 million bought by Armenian banks last week

Armenia’s commercial banks bought around $194.2 million from the local foreign currency market on February 26 to March 2 at the average weighted exchange rate of 480 drams per one USD, the Central Bank of Armenia reported on Monday

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Around $78.9 million bought by Armenian banks last week

12.03.2018 18:32

Around $78.9 million bought by Armenian banks last week

Armenia’s commercial banks bought around $78.9 million from the local foreign currency market on February 26 to March 2 at the average weighted exchange rate of 480.19 drams per one USD, the Central Bank of Armenia reported on Monday

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