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

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

US dollar, euro, and ruble up against  Armenian dram

YEREVAN, August 20. /ARKA/. The average market exchange rate for the US dollar to the Armenian dram on the Armenian foreign exchange market as of August 20, 2026, increased by 0.3 points to 365.26 drams compared to August 19.

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

LATEST NEWS

spot_imgspot_imgspot_img