Armenia’s banking system operates with 1% profitability
September 14, 2013 | 01:15
YEREVAN. – The net profit of Armenia’s banking system made up Armenian
drams equivalent to approximately $30 million in the first half 2013.
The annual profitability is 1 percent, in line with assets, and 6
percent, in line with capitals.
The Central Bank of Armenia informs the aforesaid, and based on
oversight reports.
In addition, nineteen banks in Armenia operated with profits, whereas
three banks, with losses.
Also, the commercial banks of the country secured a gross income in
drams equivalent to about $680 million, and made gross expenditures in
drams equivalent to roughly $640 million.
From: A. Papazian
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