YEREVAN, March 28. /ARKA/. Interest rates on dram deposits at Armenia’s banks remain down.

According to the latest reports of the Central Bank of Armenia, the average rate on up-to-12-month deposits in Armenian drams stood at 8.73% in February 2018 – 0.55 percentage points lower than it was in February 2017.

Rates have been going down since 2016, when the central bank decided to ease its monetary policy. In March 2017, the regulator ceased relaxing its monetary policy and set the key rate at 6%.

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The combined assets of 17 commercial banks operating in Armenia amounted to 4.362 trillion drams in 2017, having upped by 6.6 percent from the previous year, according to a ranking of Armenian banks by size of assets compiled by Arka news agency

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According to the ranking of the most profitable Armenian commercial banks in 2017, compiled by Arka news agency, 17 banks posted a total of 38.3 billion drams in net profit earned last year

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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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YEREVAN, July 18. /ARKA/. ARKA News Agency is publishing the ranking of the most profitable commercial banks of Armenia for the second quarter 2017. 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 […]

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YEREVAN, April 26. /ARKA/. ARKA news agency has released a ranking of Armenia-based commercial banks by size of their total capital in the first quarter of 2017. The combined capital of all 17 banks operating in Armenia in the first quarter of 2017 amounted to 665.5 billion drams, an increase of 0.13% compared to the […]

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YEREVAN, April 21. /ARKA/. ARKA news agency has released a recurrent ranking of the most profitable commercial banks of Armenia in the first quarter of 2017. Armenia’s banking sector earned a total of 10.87 billion drams in net profit against 6 billion drams for the first quarter of 2016, an increase of 80.68%. Of 17 […]

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Deposits in US Dollars are still the most popular type of investment for Armenian citizens. According to the Central Bank of Armenia, resident deposits at the end of January 2017 stood at 1.763.1 trillion drams, of which 60% or the equivalent of 1.063.9 trillion drams were in foreign currency

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ARKA news agency has compiled the ranking of Armenian banks by the number of their branches. Overall, there are now 538 bank branches across the country, 229 of which in the capital city Yerevan. It should be noted that 2 out of 17 banks – Armswissbank and Bank Mellat- have no branches at all

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YEREVAN, February 17. /ARKA/. ARKA News Agency’s ranking of the most profitable credit organizations of Armenia for 2016 is already available. The news agency’s analysis shows that the credit organizations of the country have doubled their aggregate net profits from AMD 9 953 million in 2015 to AMD 19 675 million in 2016. Of Armenia’s […]

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