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Net Profit Of Armeconombank Over The Third Quarter Of 2009 Reached 3

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  • Net Profit Of Armeconombank Over The Third Quarter Of 2009 Reached 3

    NET PROFIT OF ARMECONOMBANK OVER THE THIRD QUARTER OF 2009 REACHED 300 MILLION AMD

    PanARMENIAN.Net
    24.11.2009 17:06 GMT+04:00

    /PanARMENIAN.Net/ Over the third quarter of 2009 Armeconombank's
    assets grew by 15.5 per cent reaching 53 billion AMD, credit
    investments grew by 3.3 billion AMD to 29 billion AMD, demand deposits
    increased by 1.5 billion AMD, press office of the bank reports. During
    the same period the deposits of legal entities grew by 1.2 billion
    AMD, while the deposits of physical persons increased by 9.2 per cent.

    Net profit of "Armeconombank" in the third quarter of 2009 amounted to
    300 million AMD. According to the press office of the bank, this
    significant increase of bank's showings indicates that despite the
    negative impact of the global financial crisis on the whole banking
    system of the country, the confidence of customer in the bank grows.

    As of November 23 the total capital of the bank exceeds 8.6 billion
    AMD. Currently the bank has 35 branches in Armenia and Karabakh
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