Sun, 27 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Outstanding Lending Of Armenian Banks To Resident Economy Grows By 0.3% From June

YEREVAN, September 7. / ARKA /. The aggregate outstanding lending of Armenian banks to the resident economy amounted to more than 1.047 trillion drams at the end of July this year having increased by 0.3% or 2.6 billion drams from June, according to Central Bank of Armenia’s monthly bulletin for July, posted on its official website.

The largest portion of loans- 21.8%- was provided to industrial sector. In terms of money it was equal to 228.8 billion drams. The figure, however, represented a 0.9% decline from June. Some 21.7% of total loans or 227.9 billion drams (a 2.6% rise from June) were channelled into trade.

Some 17.8% of the loans were consumer credits, which decreased by 0.9% from June to about 186.8 billion drams. Mortgage loans reached about 100.6 billion drams, having increased by almost 6% from the previous month.

Some 93.9 billion drams were channelled into construction sector (a 7.6% growth compared to the previous month). Agricultural lending increased by 3.1% to more than 68.5 billion drams. Loans to services sector dropped by 9.3% to 44.3 billion drams and loans to transport and communications sector slashed by 9.8% to about 34.4 billion drams. ($1 – 369.77 AMD). –0–

LOAN INVESTMENTS OF COMERICA BANKS IN RESIDENT ECONOMY

(mln. AMD)

May 2011 June 2011 July2011
Industry 228931 231023 228758
Agriculture 65347 66426 68501
Construction 83597 87257 93860
Transport and communications 38561 38199 34439
Trade 220376 222133 227862
Services 47598 49009 44315
Consumer loans 187208 188410 186766
Mortgage loans 93782 94928 100577
Other 64062 67297 62213
total 1029462 1044681 1047292
spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

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.

LATEST NEWS

spot_imgspot_imgspot_img