Tuesday, October 31 2023, 20:17
ArmInfo. Unlike 2022, when the Armenian banking system received most of its profits from services provided to non-residents (accounts, payment cards, currency transactions, ed. note), in 2024 there is a serious demand for credit products, which will allow banks to more thoroughly generate profits. Governor of the Central Bank of Armenia Martin Galstyan stated during a press conference on October 31. |
Thursday, October 20 2022, 01:59
ArmInfo. Non-interest incomes from currency transactions remain the main factor of the unprecedented increase in the Armenian banks' profits, according to the data of the ARMINFO- compiled Express Ranking of Armenia Banks for September 30, 2022. According to the data, the total net profits of the banks showed a 2.8-fold year-on-year increase, up to AMD 187.8 or $463mln at the current exchange rate. |
Tuesday, July 27 2021, 11:28
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Friday, July 23 2021, 20:00
ArmInfo.. The banking system in Armenia is sound and well-regulated, but the financial sector is not highly developed, according to investors. Banking sector assets account for over 80 percent of total financial sector assets. This is stated in the published report of the US State Department on the investment climate in Armenia for 2021. |
Wednesday, May 20 2020, 20:24
ArmInfo. The assets of the banking system of Armenia slowed down annual growth from 16.1% to 15.3%, amounting to 5.9 trillion drams ($ 11.7 billion) as of April 1, 2020. According to the Express-Ranking of Banks of Armenia, prepared by ArmInfo IC, in their structure credit investments and other loans reached 3.8 trillion drams ($ 7.5 billion), with annual growth accelerating from 16.2% to 20.4%. |
Wednesday, May 20 2020, 20:19
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IDBank opened in Yerevan innovative center for financial services, a unique one in the entire region
Thursday, February 6 2020, 19:42
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Monday, February 3 2020, 13:30
ArmInfo. Ameriabank provided significant quantitative and qualitative growth in the retail loan portfolio. As ArmInfo was explained in the press service of the bank, in 2019 this portfolio grew by 48%, amounting to 178 billion drams. At the same time, the share of non- performing loans in the loan portfolio decreased significantly - to 1.9% in 2019 from 3.8% in 2018. |
Friday, October 25 2019, 13:00
ArmInfo. For the first time, Ardshinbank has implemented a trade finance deal with the International Bank for Economic Cooperation (IBEC) under the General Financing Agreement signed in September 2019. IBEC provided pre-export financing to Ardshinbank in the amount of 3.5 million euros for a period of up to six months for lending to the export of agricultural products to Russia. |
Friday, January 25 2019, 16:21
ArmInfo.The banking system assets of Armenia accelerated growth in 2018, to 14% from 6.4% in 2017, reaching 4.964 trillion drams ($ 10.3 billion). According to the Express Ranking of Armenian banks prepared by ArmInfo, in their structure, credit investments and other loans crossed the mark of 3 trillion drams ($ 6.3 billion), with the acceleration of y-o-y growth from 4% in 2017 to 19.2% in 2018. |
Friday, January 25 2019, 14:05
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Tuesday, January 30 2018, 19:12
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Tuesday, January 30 2018, 19:11
ArmInfo. The international authoritative publication Global Finance recognizes ARARATBANK as the best bank in Armenia for trade financing for the third consecutive year. The press service of the Bank told ArmInfo that the award was given to ARARATBANK in view of such criteria as innovative technologies introduced in the bank, the volumes, accuracy and speed of the operations performed, geographical coverage of transactions and high level of customer service. |
Monday, January 29 2018, 13:30
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Monday, January 29 2018, 10:25
ArmInfo. Armbusinessbank oon the balance sheet currency for the year 2017moved from the 3rd to the 2nd position, and for liabilities to the clients became the leader. According to the Express-Ranking of Armenian Banks, prepared by ArmInfo specialists on the basis of published financial statements of the bank, the assets of Armbusinessbank grew by 42.2% to 574.9 billion drams ($ 1.2 billion), and liabilities to customers - by 53.5% up to 401.2 billion drams ($ 828.8 million). |
Saturday, January 27 2018, 17:53
ArmInfo. Ardshinbank was established in TOP-3 in 2017. According to the Express-Ranking of Armenian Banks, prepared by IC ArmInfo, the bank's assets reached 568.3 billion drams ($ 1.2 billion), total liabilities - 501.7 billion drams ($ 1.04 billion). On an annual basis, the Bank ensured asset growth by 3.6% due to growth in both its loan portfolio and investments in securities. In parallel, the Bank increased its total liabilities by 5.2% due to the growth of term deposits and demand deposits. |
Friday, January 26 2018, 19:17
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Friday, January 26 2018, 17:04
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Thursday, January 25 2018, 09:30
ArmInfo. Contrary to the slowdown in the growth of lending, the banks of Armenia are making quite a high profit. According to the Express-Ranking of Armenian Banks, prepared by the Rating service of the IArmInfo Information Company , the growth rate of crediting in 2016-2017 from 16.5% slowed to 4.3%, however, the aggregate net profit of the banking system from negative dynamics in 26.4% in 2016 went to the positive 15.6%. It is noteworthy that the investments of banks in securities increased in 2017 more significantly - by 22.3%, rather than lending volumes, and at the same time, the balances on nostro accounts (including in the Central Bank) increased significantly. |
Monday, July 31 2017, 19:57
ArmInfo. Ardshinbank has one of the largest branch networks in RA banking system. At present, the Bank has 64 operating branches, out of which 19 in Yerevan, 42 in the regions and 3 branches in NKR. The Bank highlights the role of the regional offices and their uniform development, since the Bank's policy aimed at upgrading regional branches is dictated, first of all, by the interests of customers for whom Ardshinbank is trying to create more comfortable and convenient banking service. |