Midland Armenia Reports 360 Million Drams in Revenue

YEREVAN (Noyan Tapan)–By the end of the second quarter of this year the balance of Midland Armenia bank was 11,310,909,000 drams–reported the bank in its quarterly disclosure.

This amount is 2 billion drams more than at the end of the first quarter.

The bank’s report for the second quarter indicates that for this period Midland Armenia has generated 360 million drams of total revenue. According to the report–the bank’s assets make up 1.317 billion drams–accounts in remote locations are worth 4,074 billion drams

According to the report–the biggest sources of revenues were: profits from transactions with securities-481,783 million drams–interest rates on currency credits and deposits-208,468 million drams–currency transactions-131,356 million drams.

The biggest expenditures were the salaries fund-205,898 million drams–interest rates on currency-169,545 million drams.

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