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Top Insights

Net profits of RA banks | H1 – 2023/2024

In January-June 2024, RA banks registered AMD 172 billion net profit, which is about 1.2 times higher than last year. The highest profit was registered by Ardshinbank (AMD 50 billion). All banks made a profit, but 4 out of 18 commercial banks recorded a decrease in net profit.

16 July, 2024

3 min read

Information Technology Sector in Armenia 2023

You can learn more about the IT sector of Armenia in the report prepared by Modex advisory company.

02 April, 2024

5 min read

Top IT taxpayers 2022-2023

Note: The taxes paid by each company is calculated as the difference between the total amount paid by the company and the amounts returned to the unified account in terms of VAT and excise tax.

26 January, 2024

6 min read

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