Tue, 8 April
9.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
spot_img

The share of trade crediting in December in Armenia was 23% – over 275.7 billion drams

YEREVAN, February 8. /ARKA/. The share of loans provided by commercial banks of Armenia in December 2011 was 23% of all the provided loans to the residents (by economy branches), the site of CBA informs.
 
Volume of trade crediting in the reporting period compared to December 2010 increased by 1.2% and as of December 31 was over 275.7 billion drams.
 
According to the press-release, industry sphere is in the second place by crediting – 22.4% of total volume of provided loans, or over 268 6 billion drams.
 
Then come consumer credits with the share of 18.1% – about 217 4 billion drams, mortgage loans with the share of 9.2% – 110.3 billion drams, construction – 8.2% or over 98.2 billion drams, agriculture – 6.1% or 73.4 billion drams. In the last place is transport sector with the share of 3.5% or over 42.5 billion drams.  ($1 – 388.37 drams). –0–

spot_img

POPULAR

Ministry of Economy and  IMF delegation discussed Armenia’s economic diversification, export strategy

Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.

Concept of a private investment fund in Armenia discussed by Minister of Economy with Nubar Afeyan

The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

LATEST NEWS

spot_imgspot_imgspot_img