Tue, 21 October
9.1 C
Yerevan
USD: 383.01 RUB: 4.73 EUR: 446.28 GEL: 141.40 GBP: 513.50

Armenian banks lend AMD 746.3 billion to residents in 2009

YEREVAN, January 28. /ARKA/. Armenian banks lent AMD 746.3 billion to residents in 2009.

The lending has grown 8.2% or by 56.3 billion over the fourth quarter, the Central Bank of Armenia says in its quarterly review of Armenian banks’ activities.

The loans extended by banks to the financial sector grew 32.3% or by AMD 11.6 billion in the 4th Q to AMD 47.4 billion, to industry 26.3% or by AMD 30.6 billon to AMD 147 billion and to construction 10.7% or by AMD 5.2 billion to AMD 54.1 billon.

Consumer loans grew 1.3% or by AMD 1.8 billion in the 4th Q to AMD 136.4 billion, while the loans extended to agriculture sector reduced 2.3% or by AMD 1.05 billion to AMD 44.2 billion.

Mortgage lending grew 0.7% to AMD 84 billion.

The share of industry in banks’ aggregated credit portfolio is 19.7%, trade’s share is 19.5% and consumer lending 18.3%.

According to ARKA News Agency’s data based on banks’ interim financial reports, ACBA-Credit Agricole Bank (AMD 90.1 billion), VTB Bank (Armneia) (AMD 70 billion) and Unibank (AMD 66.6 billion) are three largest creditors among Armenian banks.

Armenia has 22 banks with their 391 branches. ($1 = AMD 377.81). –0–

spot_img

POPULAR

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

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

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

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.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img