Net profits of RA banks | Q1 – 2022/2023

net profit banks

In January-March 2023, RA banks registered AMD 70 billion net profit, which is about 2 times higher than last year.

The highest profit was registered by Ardshinbank (AMD 16.7 billion). All banks made a profit, but 2 out of 18 commercial banks recorded a decrease in net profit.

For the first time, Fast Bank was included in our list and is 12th in the volume of net profit in Q1 2023 (AMD 1.6 billion).