Tuesday, June 8 2010 15:19

'Converse Bank' to get 1.5 bln drams profit according to the results of 2010

ArmInfo. "Converse Bank" is expecting to get 1.5 bln drams profit according to the results of 2010, executive director of the bank, Tigran Davtyan, told ArmInfo correspondent.

He also added that according to the results of the 1Q 2010, the bank has already provided net profit about 625 mln drams.

According to the Ranking of commercial banks of Armenia, prepared by ArmInfo, as of 1 April 2010 the total capital of "Converse Bank" amounted to 12.6 bln drams, the authorized capital - 1.3 bln drams, the assets - 80 bln drams, credit portfolio - 49 bln drams and liabilities - 67.4 bln drams. The bank has occupied the second position in the banking system of Armenia by the ROE indicator and the 5th position - by the ROA indicator.
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