Mon, 8 September
19.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Some 23.4% of all loans in 2011 went to finance trade transactions

YEREVAN, January 25. /ARKA/. Some 23.4% of all loans provided by Armenian banks to resident customers in 2011 (over 272 billion drams) went to finance trade transactions, according to a statement, posted on the official website of the Central Bank. The figure represents a 4.5% increase from 2010 November.

The second largest portion of lending – 23.3%- went to the industrial sector. In terms of money it amounted to 271 billion drams.

About 18% were allocated as consumer credits (over 206 billion drams), some 9.3% or 108 billion drams were mortgage loans, 7.8% or about 91 billion drams were channeled into the construction sector, 5.9% or 69 billion went to agriculture and 4.7% or 54.3 billion drams were provided to transport and communications sector. ($1 – 387.69 drams). -0-

spot_img

POPULAR

ACBA Federation promotes rural tourism in Armenia: the success story of Manana guest house (video)

Four years prior, Astghik Ghazaryan, a professional educator, established the Manana guest house in her hometown of Marmarik.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

Armenia to receive 45.3 million euros from ADB to improve healthcare quality

Armenia will receive 45.3 million euros from the Asian Development Bank (ADB) to improve healthcare quality, said First Deputy Minister of Health of the Republic of Armenia Lena Nanushyan during a meeting of the parliamentary standing committee on financial, credit and budgetary issues.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img