Net profit of Armeconombank over the third quarter of 2009 reached 300 million AMDNovember 24, 2009 - 17:06 AMT 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. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Moscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said. Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |