net profit 2023
Net profits of RA banks | 2022 – 2023

In 2023, RA banks registered AMD 230 billion net profit which is 9% less than last year. Ardshinbank registered the biggest profit with AMD 62.7 billion. All banks, except Artsakhbank and Armswissbank, operated with profit, however 6 out of 16 commercial banks recorded a decrease in net profit.

18.01.24
2 min read
banks net profit
Net profits of RA banks | Q1-Q3 – 2022/2023

In January-September 2023, RA banks registered AMD 215 billion net profit, which is about 11% more than last year. The highest profit was registered by Ardshinbank (AMD 56.9 billion). All banks made a profit, but 6 out of 18 commercial banks recorded a decrease in net profit.

17.10.23
2 min read
net profit banks
Net profits of RA banks | H1 – 2022/2023

In January-June 2023, RA banks registered AMD 142 billion net profit, which is about 1.2 times higher than last year. The highest profit was registered by Ardshinbank (AMD 38.2 billion). All banks made a profit, but 4 out of 18 commercial banks recorded a decrease in net profit.

18.07.23
2 min read
net profits banks
Net profits of RA banks | Q1 – 2022/2023

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 […]

19.04.23
3 min read
investors in ra banks
Banks have dramatically increased investments in RA treasury bonds

At the end of 2022, investments in RA government (treasury) bonds amounted to AMD 1.4 trillion, which is about twice as high as at the beginning of the year. Investments by commercial banks recorded a sharp increase (+ AMD 390 billion or 86%)։ Investments carried out by non-bank residents grew by AMD 107.1 billion or […]

30.01.23
4 min read
Where to allocate free assets

Following the Russia-Ukraine war, RA commercial banks recorded a large inflow of currency and deposits ($980 million), as well as a sharp increase in net profit, as a result of this banks were faced with the problem of allocating free assets, considering the limited possibilities of capital absorption of Armenian market. At the end of […]

24.01.23
4 min read
net profit 2022
Net profit of RA banks | 2021-2022

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.

19.01.23
4 min read
net profit
Net profit of RA banks | Q1-Q3 2021/22

In January-September 2022, RA banks registered AMD 188 billion net profit, which is 3 times higher than last year. Ardshinbank registered the biggest profit with AMD 41.1 billion. All banks worked with profit, however, in the case of 3 out of 17 commercial banks, a decrease in net profit was recorded.

19.10.22
2 min read
Net profit of RA banks | H1 2021/22

In January-June 2022, RA banks registered AMD 111 billion net profit, which is 3 times higher than last year, The highest profit was registered by Ardshinbank  (AMD 20.1 billion), Compared to the 1st half of the last year, the net profit of 4 out of 17 commercial banks decreased, while VTB Armenia recorded a financial […]

19.07.22
2 min read
Net profit of RA banks | Q1 2021/22

In January-March 2022, RA banks registered AMD 31 billion net profit, which is 58.6% higher than last year. Ameriabank registered the biggest profit with AMD 7.5 billion. Compared to the first quarter of the last year, the net profit of 4 out of 17 commercial banks decreased, while VTB Armenia recorded a financial loss (AMD […]

20.04.22
2 min read