Mon, 25 August
28.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

117.7 billion Drams invested in industry by banks in January-September

YEREVAN, December 18, /ARKA/. In the first nine months of 2009 Armenian banks channeled a total of 117.7 billion Drams as investments in industry. The volume of credits to this sector grew by 34.8% from a year before, according to the banks’ interim statements for Q3.

According to their interim statements for Q3, their overall credit investments in economy at the end of September 30, 2009 rose to 677.7 billion Drams from 637.2 billion Drams on December 31, 2008.

The leading bank, in terms of credits made available to industry, was Bank VTB Armenia that accounted for 14.1% (16.6 billion Drams) of all credits extended to industry. Overall, 24% of its credits were channeled to industry.

Second was Ardshininvestbank (15.3 billion Drams), followed by Ameriabank (14.2 billion Drams), Unibank (11.2 billion Drams) and HSBC Bank Armenia (11 billion Drams). There are 22 commercial banks in Armenia with 365 branches. ($1 – 377.91 Drams). -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

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.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

LATEST NEWS

spot_imgspot_imgspot_img