26.05.2011 09:55
YEREVAN, May 25. /ARKA/. Per-employee profit in Armenian banking system in the first quarter of this year averaged AMD 1,149,000 or $3,100 (on the then exchange rate $1= AMD 369.68 set by the Central Bank of Armenia).
Analysis based on banks’ quarterly financial reports shows that monthly per-employee profit averaged AMD 383,000 or $1,030 in the 1st Q 2011. Average per-employee assets amounted to AMD 180,645 or $488,700.
Some 9,232 people worked at Armenia’s 21 banks in late March 2011. Profits for the 1st Q 2011 totaled AMD 10608.6 million or $28.7 million.
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