Armenian Banks’ Credit Investments In Resident Economy Grow 1.5% To AMD 1 Trillion

YEREVAN, August 9. /ARKA/. Armenian commercial banks’ credit investments in the resident economy reached AMD 1 trillion 44 billion in late June after growing 1.5% or by AMD 15.2 billion, compared with May, the Central Bank of Armenia says in its monthly report.

Industry accounted for the largest share in banks’ aggregate credit investments (22.1%) in late June. Banks lent about AMD 231 billion to this sector in June – 0.9% month-on-month growth.

The second largest borrower was trade sector with its 21.3% share that grew 0.8% in June, compared with May, to AMD 22.1 billion.

Consumer loans with their 18% share in banks’ aggregate loan portfolio grew 0.6% to 188.4 billion.

Mortgage lending in the resident economy reached AMD 94.9 billion by late June after growing 1.2% over this month.

Banks’ lending to construction grew 4.4% to AMD 87.3 billion.

Agriculture sector had its borrowings from banks increased by 1.7% to AMD 66.4 billion, and services segment 2.9% to AMD 49 billion.

Lending to transport and telecommunications contracted by 0.9% to AMD 38.2 billion. ($1 = AMD 367.3).

Armenian Commercial Banks’ Credit Investments In Resident Economy

(AMF million)