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Stiff competition among banks in Armenia downs their profitability

26.03.2015 18:21

Stiff competition among banks in Armenia downs their profitability

YEREVAN, March 26. /ARKA/. Reduction of interest spread under a stiff competition among Armenia's banks downed their profitability.

In particular, the banks' ROA (return on assets) shed 3.3 times over the last decade from 3.01 in 2005 to 0.91 in 2014.

The banks' aggregate loan portfolio grew about 11 times from AMD 194.4 billion to AMD 2 188.4 billion, and deposits 6.6 times from AMD 267.2 billion to AMD 1 757.5 billion.

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Head of National Competitiveness Foundation of Armenia denies rumors about profitability of air transportation business

10.12.2013 18:34

Head of National Competitiveness Foundation of Armenia denies rumors about profitability of air transportation business

The rumors going around about high profitability of air transportation business has nothing in common with the reality

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