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Ranking of most profitable commercial banks of Armenia for 2nd q 2017

19.07.2017 16:56

Ranking of most profitable commercial banks of Armenia for 2nd q 2017

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 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).

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