Tuesday, November 8 2011 15:56

In Jan-Sept 2011 net profit of Armenia's banking system totalled $65.8mln


ArmInfo. In Jan-Sept 2011 the income of Armenia's banking system totalled 207bln AMD or $556.3mln, the expenses - 175.6bln AMD or $472mln: 20.3% annual growth for both indices.

The balance-sheet profit totalled 31.4bln AMD or $84.3mln - 20.8% growth, with the net profit totalling 24.5bln AMD or $65.8mln - 18.4% growth.

The press service of the Central Bank of Armenia reports that the interest income totalled 127.2bln AMD or $341.8mln (28.5% annual growth) or 61.4% of the total income against 57.5% a year before, the non-interest income - 34.9bln AMD or $93.8mln (+26%) or 16.8%. The interest expenses totalled 58.4bln AMD or $157mln (+36.1%) or 33.3% of the total, the non-interest expenses - 57.8bln AMD or $155.3mln (+17.2%) or 32.9%.
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