Karabakh State Minister receives Union of Banks of Armenia delegation news.am - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.am Daily Mail and Mail on Sunday newspapers.
Banking system’s profits amount approximately 20 billion drams in Q1, deposits grow | ARMENPRESS Armenian News Agency
13:42, 19 May, 2021
YEREVAN, MAY 19, ARMENPRESS. As of Q1 2021 the Armenian banking system has ensured 19,4 billion drams in profit, according to the Union of Banks of Armenia Executive Director Seyran Sargsyan.
He noted, however, that the figure dropped 16,9% compared to 2020’s same period.
Total deposits in Armenian banks grew 4,9% in the reporting period.
Speaking about the volumes of deposits in 2020, he said: “The maximum volume was recorded in August, while after the war started, in September – November, a decrease in not large percentage was recorded, and then at yearend when the war was over these deposits again returned to the banks.”
Armbusinessbank has participated in information events to raise public awareness news.am - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.am Daily Mail and Mail on Sunday newspapers.