YEREVAN, August 5. /ARKA/. Armenian banks’ aggregate credit investments, including deposits, factoring and leasing, grew 10% over the second quarter of this year to AMD 1128.4 billion, the Central Bank of Armenia says in its quarterly review.
Lending to the financial sector grew 32.3% to AMD 83.7 billion, to transport and telecommunications 26.3% to AMD 38.2 billion and to agriculture 16% to AMD 66.4 billion, to other sectors 13.3% to AMD 67.3 billion, to trade 11% to AMD 222.1 billion and to construction 10.8% to AMD 87.3 billion.
Consumer lending rose 5.8% to AMD 188.4 billion and loans extended to industry 4.5% to AMD 231 billion.
Banks’ mortgage lending grew 4.7% to AMD 94.9 billion.
Loans to industry made up 20.5% of the banks’ aggregate credit portfolio and those extended to trade constituted 19.6% in the second quarter of this year.
The share of consumer loans in banks’ credit portfolio was 16.7% and mortgage loans 8.4% in the 2nd quarter of this year.
According to ARKA News Agency’s data, ACBA-Credit Agricole Bank, with its 133 billion of outstanding loan portfolio, is the largest creditor among Armenian banks.
The second biggest creditor is Ameriabank with its AMD 130.9 billion and the third is Bank VTB (Armenia) with AMD 108.9 billion.
Some 21 banks with their 417 branches operate in Armenia. ($1 = AMD 365.7). -0-
