Tuesday, October 22 2013 18:45

In 2013 ACBA-Credit Agricole to increase its profit to 4.5bln-5bln AMD


ArmInfo. In 2013 ACBA-Credit Agricole is going to increase its profit by 15% to 4.5bln-5bln AMD by enlarging its clientele, improving its collection rate and increasing its non- interest income, the bank's Deputy CEO Nikolay Hovhannisyan told journalists on Tuesday.

According to ArmInfo's Ranking of Commercial Banks of Armenia, in Jan- Sept 2013 ACBA-Credit Agricole Bank's net profit grew by 30.2% to 3.9bln AMD, accumulated profit by 52.1% to 14.4bln AMD or 27.2% of total capital. Interest and non-interest incomes made up 21bln AMD and 4.6bln AMD, respectively.

As of Oct 1 2013 the bank's total capital made up 52.9bln AMD (the 1st place among Armenia's banks), authorized capital 30bln AMD (the 1st place), total obligations 211.1bln AMD (the 4th place), assets 264bln AMD (the 3rd place).
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