18.07.2017 18:09
YEREVAN, July 18. /ARKA/. The aggregate net profits of Armenia's all banks have grown 48.6% from AMD 12.8 billion in Jan-June 2016 to AMD 19 billion in the same period of 2017.
According to quarterly reports, only one of Armenia's 17 banks ended the first half of 2016 with losses (AMD 4.5 billion), while in the same period of the previous year three banks accounted for losses (AMD 2.6 billion).
Armenia's banks had their profits increased thanks to increasing their authorized capital and consolidations in 2016.
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