Net profit of Armenia’s banking sector amounts to AMD 40.6 billion in 1st H 2020
28.07.2020 12:14
YEREVAN, July 28. /ARKA/. The net profit of the banking sector of Armenia in the first half of 2020 amounted to 40.6 billion drams, after increasing by 5.9% compared to the corresponding period of the previous year, according to the data of Armenian banks’ reports, published in accordance with international IFRS standards.
Remarkable is that all 17 banks operating in Armenia by the results of the first half of the year worked profitably.
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Armenian insurance companies post 77% drop in net profit
26.11.2018 17:41
Six insurance companies operating in Armenia earned a total of 387.5 million drams in net profit in the first nine months of this year, down from 1.711 billion drams they had earned a year earlier
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Armenian banks’ net profit in quarter one doubles
19.04.2018 18:05
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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Ranking of Armenian credit organizations by size of net profit for 9 months of 2017
16.11.2017 18:32
The net profit of all Armenian credit organizations in the first three quarters of 2017 tripled from the same time span of 2016 to 35.4 billion drams, according to Arka news agency
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Armenian insurance companies’ net profit in first six months halves to 1.26 billion drams
18.08.2017 14:59
Six insurance companies operating in Armenia earned a total of 1.26 billion drams in net profit in the first six months of this year, down from 2.62 billion they had earned a year earlier
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Araratbank plans to earn 800 million drams in net profits in 2016
17.06.2016 18:28
In 2015 Araratbank earned 942 million drams in net profit, the chairman of the bank’s board Ashot Osipyan told an annual meeting of shareholders today
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Armenian credit organizations report 28% rise in their net profit in quarter two
25.08.2015 19:53
The net profit of 32 credit organizations operating in Armenia in the second quarter of the year stood at about 4.99 billion drams, an increase of 28.3% year-on-year
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