Sat, 5 April
14.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Credit growth to increase 9.7% by end 2009

YEREVAN, November 4. / ARKA /. Growth of credit in the economy of Armenia towards the end of 2009 will increase by 9.7%.

This forecast is contained in the Program of the monetary policy of the Central Bank of Armenia on the 4th quarter of 2009.

According to the Central Bank, this figure will be the result of some mitigating conditions of financing and credit in the economy under the anti-crisis measures of the Government of Armenia and the Central Bank.

In addition, the central bank forecasts the quarterly average loan growth in the economy to be more than 3% during the first three quarters of 2010. –0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img