Net profit of Armeconombank over the third quarter of 2009 reached 300 million AMD

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.