Net profit of RA banks | 2021-2022

net profit 2022

  • In 2022, RA banks registered AMD 255.6  billion net profit, which is 3 times higher than last year.
  • Ardshinbank registered the biggest profit with AMD 62.2 billion. 
  • All banks,  except for VTB, operated with profit, however, in the case of 2 banks, a decrease in net profit was recorded.

On November 9, 2022, Fast Credit acquired the Central Bank of RA license to carry out banking activities and registered as "Fast Bank" CJSC. Fast Bank’s net profit in 2022 was AMD 7.2 billion, compared to AMD 4.8 billion in 2021.