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Armenian Economy Development Bank (Armenia)

Main Activities: Other Depository Credit Intermediation
Full name: Armenian Economy Development Bank Profile Updated: March 14, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Russian Download a sample report

Armenian Economy Development Bank is an enterprise located in Armenia, with the main office in Yerevan. The company operates in the Other Depository Credit Intermediation industry. It was incorporated on 1988. 700 (estimated) employees currently work for Armenian Economy Development Bank. From the latest financial highlights, Armenian Economy Development Bank reported a net sales revenue increase of 20.92% in 2023. Its total assets grew by 13.57% over the same period.

Headquarters
23/1 Amiryan Ul.
Yerevan; Yerevan; Postal Code: 375002

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Basic Information
Total Employees:
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Outstanding Shares:
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Incorporation Date:
1988
Key Executives
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Chairman
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Chief Executive Officer
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Vice Chief Executive Officer
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Vice Chief Executive Officer
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Vice Chief Executive Officer
Ownership Details
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31.71%
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15.08%
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10.73%
Company Performance
Financial values in the chart are available after Armenian Economy Development Bank report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AMD. Absolute financial data is included in the purchased report.
Net interest income
20.92%
Operating profit (EBIT)
-24.45%
Net Profit (Loss) for the Period
-33.63%
Total assets
13.57%
Total equity
23.08%
Total Assets Trend
-0.18%
Net Interest Income Trend
11.2%
Loans to Deposits Ratio
-20.13%
Loans to Asset Ratio
-0.75%

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