All news related to Banks

In quarter one, Armenian banks paid 11.8 billion drams in taxes

20.05.2019 18:02

In quarter one,  Armenian banks paid 11.8 billion drams in taxes

YEREVAN, May 20. /ARKA/. The list of Armenia’s largest 1000 corporate taxpayers in the first quarter of 2019 includes all the 17 commercial banks operating in the country, which paid a total of 11.8 billion drams in taxes, up from 9.4 billion drams they had paid in the first quarter of 2018 (an increase of 25.3%), according to the State Revenue Committee of Armenia (SRC).

SRC said 3.4 billion drams were paid by the banks as profit tax, 6.8 billion drams as payroll taxes, one billion drams as VAT, and 502.7 million drams as other taxes and duties.

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Deposits in Armenian banks drop by 25 billion drams to about 3 trillion

02.05.2019 18:43

Deposits in Armenian banks drop by 25 billion drams to about 3 trillion

At the end of March, 2019 the total amount of deposits in Armenia-based commercial banks stood at 2.979.3 trillion drams, having decreased by 25.1 billion drams or 0.84% from the previous month

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Arka releases ranking of top ten banks by size of loan portfolio

19.04.2019 22:54

Arka releases ranking of top ten banks by size of loan portfolio

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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Ranking of Armenian banks by size of net profit in quarter one, 2019

19.04.2019 16:58

Ranking of Armenian banks by size of net profit in quarter one, 2019

YEREVAN, April 19 /ARKA/. ARKA news agency has released a recurrent ranking of Armenia-based commercial banks by size of net profits they earned in the first quarter of 2018. According to it, 17 banks earned a total of 16 billion drams, down 45.2% or 29.3 billion drams from what they had earned in the same […]

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Armenia-based banks’ net profit drops by 20 percent in first quarter of 2019

18.04.2019 17:33

Armenia-based banks’ net profit drops by 20 percent in  first quarter of 2019

The net profit of 17 Armenia-based commercial banks in the first quarter of 2019 dropped by 45.2% to 16 billion drams from 29.3 billion drams in the first quarter of 2018, according to the banks’ statements

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Armenian banks’ overall lending grows by 66.1 billion drams in one month

28.03.2019 18:33

Armenian banks’ overall lending grows by 66.1 billion drams in one month

The total amount of loans provided by Armenian banks stood at 3.216.7 trillion drams in late February 2019, having increased by 66.1 billion drams or 2.1% from the previous month, the Central Bank of Armenia said

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Deposits in banks in Armenia exceed AMD 3 trillion heating record high

27.03.2019 17:26

Deposits in banks in Armenia exceed AMD 3 trillion heating record high

Aggregate deposits in banks in Armenia exceeded AMD 3 trillion ($6.17 million) in February 219 heating the record high, the Central Bank of Armenia reports

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Resident deposits in Armenian banks slash by almost 26 billion drams

25.03.2019 18:18

Resident deposits in Armenian banks slash by almost 26 billion drams

Resident deposits in Armenia-based commercial banks stood at 2.221.5 trillion drams in late January 2019, having decreased by 25.9 billion drams from late December 2018, the Central Bank said

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CIS banks’ credit profiles hurt by weak corporate governance, while in Armenia this is less noticeable – Moody’s

19.03.2019 22:16

CIS banks’ credit profiles hurt by weak corporate governance, while in Armenia this is less noticeable – Moody’s

Banks in the Commonwealth of Independent States generally have weaker corporate governance than peers in other regions and this is harming their credit profiles

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Armenian banks spent 5.8 billion drams on advertising and representative expenses in 2018

01.03.2019 18:47

Armenian banks spent 5.8 billion drams on advertising and representative expenses in 2018

Armenia-based 17 commercial banks spent a total of 5.8 billion drams on advertising and representative expenses in 2018, by 24.15% more than in 2017

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