Inecobank Reports Strong Q2 2025 Results, Marking Continued Growth and Operational Efficiency
In the second quarter of 2025, Inecobank demonstrated sustained growth and profitability across key financial and operational metrics, reflecting the Bank’s strategic focus on efficiency, trust, and long-term impact.
The Bank reported USD 38 million in net profit for the first half of the year, delivering a return on equity (ROE) of 27.2%․ The cost-to-income ratio stood at 32.8%, 9.7 percentage points better than the sector average – underscoring the Bank’s operational efficiency. The cost of credit risk remained low at -0.57%, reflecting prudent risk management.
Net interest income totaled USD 59 million, a 15.9% year-over-year increase. Operating income reached USD 75 million, marking a 7.3% YoY growth.
Inecobank’s loan portfolio expanded to USD 1.22 billion, up 9.9% since the beginning of the year – a USD 110 million increase. Shareholders’ equity reached USD 287 million, reflecting a 6.5% increase since year-end. The Bank’s capital adequacy ratio stood at a solid 15.86%.
Commitment to Education and Social Responsibility
Through its corporate social responsibility program, “Inecobank by Your Side” the Bank allocated over USD 2.5 million in scholarships – investing in education and human capital development both in Armenia and abroad.
Expanding Global Partnerships
In parallel, Inecobank continues to strengthen its long-standing partnerships with international financial institutions, including the European Bank for Reconstruction and Development (EBRD), the Black Sea Trade and Development Bank (BSTDB), and others. These partnerships enable access to global funding to further support Armenian SMEs and advance their transition toward greener, more resilient business models.
“Our second-quarter results reflect not only strong financial performance, but also the values we stand for – building long-term trust, investing in people, and growing responsibly “, – said Hayk Voskanyan, CEO of Inecobank.
Overall, the second-quarter performance reaffirms Inecobank’s trajectory of sustainable growth and financial resilience with a continued commitment to social impact and global cooperation.