Annual Report

Overview

The report states that the bank generated net profit of about AMD 7.8 billion in 2021, up about 29% year on year, and ranked fifth among Armenia's 17 commercial banks by profit. It also reports financing 105 solar-station projects totaling more than AMD 17.7 billion, associated with a reported reduction of 52,000 tons of CO2 emissions. Its social and environmental initiatives included establishing one hectare of forest through the “10 million trees” program and supporting other community activities.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2021
Period: Ends 31 December 2021
Language: English, Armenian
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