Executive Director of Inecobank CJSC Avetis Baloyan said that the bank profit totaled AMD 1.5bln in January-September 2010.

“Now the bank’s profit is rated as satisfactory, moreover, we exceed the planned index,” Baloyan told a PanARMENIAN.Net reporter.

He added that the bank was the 8th in the Armenian banking system by this index, according to data for the first half of the year.

As for the bank’s general assets, the bank is the 11th in the Armenian banking system, as well as is among the top three banks for ROE and ROA efficiency index.