November 1998

Total Commercial Bank Capital 1998 growth:
110 percent, to 19.0 billion dram (US$38 million)
Banking System Profit January June 1998:
1.2 billion dram (US $2.4 million)
Total Charter Capital July 1, 1998:
14.4 billion dram (US$28.8 million)
Number of Credit Cards issued by Armenian Banks 1st half of 1998: 1,219
Number of Credit Card Transactions in
Armenia January June 1998: 13,783
Volume of Credit Card Transactions in
Armenia January June 1998: US$2,318,662

This report is provided courtesy of the Business Information Service for the Newly Independent States (BISNIS)