Tuesday, November 6 2012 20:29
Net profit of Armenian banking system totaled 31.2 bln AMD over Jan-Sept 2012
ArmInfo. The gross income of Armenian banks as of the end of Jan-Sept 2012 amounted to 284.4 bln AMD ($700 mln), and expenditure amounted to 244.6 bln AMD ($602.1 mln). As a result, the banking system of Armenia completed Jan-Sept 2012 with a pre-tax profit of 39.8 bln AMD, or $98 mln. The press service of the Central Bank of Armenia told ArmInfo that the summary net profit of the banks amounted to 31.2 bln AMD, or $76.8 mln over Jan-Sept 2012 (27.4% y-o-y growth).
In the structure of gross income of the commercial banks, the interest revenues over Jan-Sept 2012 totaled 166.3 bln AMD ($409.4 mln), or 58.5%. The share of non-interest revenues made up 13.8% or 39.4 bln AMD ($96.9 mln). The interest expenditure totaled 32.7% or 79.9 bln AMD ($196.7 mln.), and non-interest expenditure - 27.9% or 68.4 bln AMD ($168.4 mln) in Jan-Sept 2012. As compared to the same period of 2011, interest revenues were up 30.8%, non-interest revenues were up 12.8%, interest expenditure grew by 36.8%, and non-interest expenditure - by 18.5%.
As of 1 October 2012, there were 21 banks and 465 branches in Armenia (against 461 branches as of 1 July 2012).
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