Tue, 1 July
25.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Combined outstanding credit portfolio of Armenian banks grows by 3.1% in late February to 919.3 billion drams

YEREVAN, April 12, /ARKA/. The combined outstanding credit portfolio of Armenian commercial banks grew by 3.1% (27.6 billion Drams) in late February from the previous month of January to 919.3 billion Drams, according to the Central Bank of Armenia (CBA) monthly bulletin for February, posted on its official website.

Industry accounted for 23.5% or 216.5 billion Drams of all outstanding loans. The volume of lending to this sector grew by 2.9% from January. Some 20.4% of all loans were provided to trade sector. Lending to it grew by 2.9% from January to a total of 187.6 billion Drams. Consumer credits accounted for 18.5% of all outstanding loans growing by 2.8% from January to 170 billion Drams. Mortgage lending grew by 1.2% to 88.9 billion Drams.

Lending to construction sector grew by 3.6% to 76.6 billion Drams, loans provided to agricultural sector grew by 4.2% to 54.8 billion Drams. Crediting of services sector grew by 4.8% to 40.7 billion Drams and loans to transport and communications sector rose by 5.2% to 29 billion Drams. -0-

Armenian banks lending to resident economy

(mln. AMD)

Jan.

2011

Feb.

2011

Industry 209185 216464
Agriculture 52593 54784
Construction 73976 76627
Transport and communications 27617 29064
Trade 182297 187578
Services 38925 40772
Consumer loans 165556 170196
Mortgage loans 87977 88996
Other 53566 54831
total 891692 919312
spot_img

POPULAR

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img