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Armenian banks’ net interest income grows 22.8% in 2011 to AMD 101.4 billion

17.02.2012 20:03

Armenian banks’ net interest income grows 22.8% in 2011 to AMD 101.4 billion

YEREVAN, February 17. /ARKA/. Armenian banks’ net interest income grew 22.8% in 2011, compared with 2010, to AMD 101.4 billion.

Interest income amounted to AMD 179.1 billion and interest expense to AMD 77.7 billion.

Banks’ 4th Q financial reports show that ACBA Credit Agricole Bank, with its 13.9 billion net interest and 13.8% share in Armenian banks’ aggregate net interest income, was the largest net interest income gainer in 2011.

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