Mon, 7 July
19.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

Consumer credits rise by 2.4% to 134.6 billion drams

YEREVAN, November 18, /ARKA/. According to the monthly bulletin of Armenia’s Central Bank, the volume of consumer credits, allocated by commercial banks to local economic entities made 134.6 billion Drams in late September 2009.

The biggest share of credits was allocated to trade sector-22% or 143.7 billion Drams, which grew by 6.6% from August Consumer credits made 20.6%. They rose by 2.4% from August 2009 to 134.6 billion Drams, but fell by 23% from the beginning of the year.

Mortgage credits rose by 0.1 from August to 83.4 billion. The volume of industrial credits rose 2.6% from August to 116.3 billion. Agricultural credits fell by 3.5% to 45.2 billion Drams and construction credits rose by 2.7% to 49 billion Drams.

Aggregate credits allocated to local economic entities rose by 3.3% from August to 654.2 billion Drams in late September. Compared to the beginning of the year credits rose by 6 percent. ($1 – 387.48 Drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank invalidated banking license of Ardshininvestbank due to its merger with Ardshinbank

The Board of the Central Bank of Armenia has revoked the banking license of Ardshininvestbank CJSC (formerly HSBC Bank Armenia CJSC) following its merger with Ardshinbank CJSC.

Unibank’s “Haghtanak” branch serves clients from 9:30 am to 7:30 pm

Unibank branch “Haghtanak” has switched to a new operating mode - extended hours. Now clients can receive a full range of banking services from Monday to Friday - from 9:30 am to 7:30 pm.The branch is located at N94, 62 Komitas, Yerevan. 

ADB forecasts inflation in Armenia at 3% in 2025 and 2.8% in 2026

The Asian Development Bank (ADB) forecasts inflation in Armenia at 3% in 2025, said Don Lambert, Director of the Bank’s Resident Mission in Armenia.

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

LATEST NEWS

spot_imgspot_imgspot_img