Mon, 7 July
17.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

Credit Investments Of Banks Of Armenia In Resident Economy In August Increased By 2.7% To 1 075.1 Billion Drams

YEREVAN, September 26. /ARKA/. Total credit investments of banking system of Armenia in resident economy at the end of August 2011 were over 1 075.1 billion drams increased by 2.7% or 27.8 billion drams compared to July 2011, states official site of Central Bank of Armenia.

It is worth mentioning that the largest weighted average in total credit investments of the banks is recorded in the industry (22.9%). In this sphere the banks allocated about 246.3 billion drams (growth by 7.7% compared to the indicator of the last month).

Trade is in the second place with the share of 22.3%, crediting of which increased by 5.1% to about 239.5 billion drams compared to the last month.

In the third place are consumer credits with the share of 17.8% which increased 2.4% compared to July. Consumer credits of commercial banks in resident economy of Armenia at the end of August reached about 191.2 billion drams. Mortgage loans of the banks in resident economy reached about 101.6 billion drams increased by 1%.

The banks allocated over 89 billion drams to the sphere of construction (decrease by 5.1% compared to the last month). Crediting of agriculture at the end of August was about 70.1 billion drams increased by 2.3%, sphere of services – 50.3 billion drams (growth by 13.6%), transport and communication – over 37.7 billion drams (growth by 9.5%). ($1 – 372.88 drams). –0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank invalidated banking license of Ardshininvestbank due to its merger with Ardshinbank

The Board of the Central Bank of Armenia has revoked the banking license of Ardshininvestbank CJSC (formerly HSBC Bank Armenia CJSC) following its merger with Ardshinbank CJSC.

Unibank’s “Haghtanak” branch serves clients from 9:30 am to 7:30 pm

Unibank branch “Haghtanak” has switched to a new operating mode - extended hours. Now clients can receive a full range of banking services from Monday to Friday - from 9:30 am to 7:30 pm.The branch is located at N94, 62 Komitas, Yerevan. 

ADB forecasts inflation in Armenia at 3% in 2025 and 2.8% in 2026

The Asian Development Bank (ADB) forecasts inflation in Armenia at 3% in 2025, said Don Lambert, Director of the Bank’s Resident Mission in Armenia.

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

LATEST NEWS

spot_imgspot_imgspot_img