Monday, May 3 2010 19:05

In Q1 2010 net profit of Armenian credit companies totalled $180,000


ArmInfo. In Q1 2010 the total incomes of Armenia's credit companies totalled 4.4bln AMD ($11.1mln) while the total expenses - 4.3bln AMD ($10.7mln). As a result, the balance-sheet profit totalled 181.1mln AMD or $452,200 while the net profit - 72mln AMD or $180,000.

The press service of the Central Bank of Armenia reports that in the structure of the total revenues the share of the interest incomes made up 61% or 2.7bln AMD ($6.8mln), that of the non-interest incomes - 21.4% or 955.4mln AMD ($2.4mln). In the structure of the total expenses the share of the interest expenses made up 21.1% or 902mln AMD ($2.2mln), that of the non-interest ones - 29.4% or 1.3bln AMD ($3.1mln).

Apr 1 2010 there were 28 credit organizations with 56 branches in Armenia.
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