Wed, 14 January
0.1 C
Yerevan
USD: 380.83 RUB: 4.83 EUR: 444.28 GEL: 141.25 GBP: 512.94

Growth of crediting of industry by Armenian banks in the third quarter was 2.3%

YEREVAN, November 16. /ARKA/. Volume of crediting of industrial sphere by Armenian commercial banks in the third quarter of 2011 increased by 2.3% making 225.9 billion drams.

According to financial progress reports of the banks for the third quarter of 2011, volume of credits provided to the economy as of September 30, 2011 was about 1 152 billion drams vs. 1 083 billion drams as of June 30, 2011.

According to the analysis of ARKA News Agency, the leader in the banking system on crediting the industrial sphere in the reporting period was Ameriabank, whose share in the total volume of crediting of the given sector was 21%. In total credit portfolio of Ameriabank about 36.8% or 47.4 billion drams goes to the crediting of industry (42.9 billion drams as of September 30, 2010).

Among the leader banks by this indicator are also Areximbank-Group of Gazprombank (26.5 billion drams), AGBA CREDIT AGRICOLE BANK (22.9 billion drams), HSBC Bank Armenia (about 20.7 billion drams) and Unibank (about 17.7 billion drams). Weighted average of the given indicator in total credit portfolio of these banks was 41.4%, 17%, 19.9% and 22% respectively.

As of September 30, 2011 in Armenia 21 commercial banks were registered. ($1 – 384.9 drams). –0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net inflow of remittances to Armenia from abroad increased by 17.9% in the first 11 months of 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.32 billion in January-November 2025, compared to $1.12 billion in January-November 2024, according to a report from the Central Bank.

Armenia’s financial system in December 2025: interest rate declines, lending grows

In December 2025, Armenia's financial market was characterized by a combination of moderate monetary easing, continued high growth rates in bank lending, and the continued development of capital market instruments.

Procedure and conditions for providing cashback on transactions with ArCa cards

Starting January 1, Armenia introduced a 2% cashback system for non-cash payments made with ArCa payment system cards.

LATEST NEWS

spot_imgspot_imgspot_img