News

Armeconombank summarized the year with a significant growth of key indicators at today's Annual Meeting. According to 2021 financial results the bank has recorded profit of 3.0 billion drams and comparing to previous year recorded.

• 12.2 % increase in assets amounting to 359.9 billion drams
• 14.3 % increase in credits and loans given to clients amounting to 220.9 milliard drams
• 13.4 % increase in bank liabilities amounting to 316.6 milliard drams
• 20.8 % increase in liabilities to customers amounting to 135.9 milliard drams
• 4.0 %  increase in total capital amounting to 43.2 milliard drams

“Along with the growth of key indicators, also in the reporting year the loan portfolio maintained the traditional high quality and problem loans have amounted only 0.53% of portfolio at the end of 2021”,- summing up the achievements of the previous year, underlined the Executive Director Mr. A. Khachatryan.