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Armenian banks enjoy record profits in last five years

19.07.2018 17:44

Armenian banks enjoy record profits in last five years

YEREVAN, July 19. /ARKA/. Net profit of Armenia’s banking sector amounted to AMD 36.3 billion in the 1st Q 2018 against the AMD 18 billion recorded at the same period a year earlier.

This means, the sector has doubled its profit hitting the record high since 2013.

Remarkable is that all the 17 banks of Armenia ended the first half of this year with profits.

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