Thursday, February 2 2012 19:33

In 2011 net profit of Armenia's banking system totaled 86mln


ArmInfo. In 2011 the income of Armenia's banks totaled 292.3bln AMD or $757.7mln (22% growth), while the expense - 249.4bln AMD or $646.6mln (24.3% growth). As a result, the balance- sheet profit made up 42.9bln AMD or $111.1mln (10.1% growth) and the net profit 33bln AMD or $86mln (10% growth).

The interest income totaled 175.5bln AMD or $455mln (60% of the total revenues), the non-interest one - 48.6bln AMD or $126mln (16.6%). The interest expense totaled 81.5bln AMD or $211.2mln (32.7% of the total expenses), the non-interest one - 81.6bln AMD or $211.5mln (32.7%).

As of Jan 1 2012 there were 21 commercial banks with 442 branches in Armenia against 408 branches on Jan 1 2011.
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