Mon, 28 July
22.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Individual borrowers accounted for 31% in overall outstanding loan portfolio of Armenian banks

YEREVAN, February 21, /ARKA/. Individual borrowers accounted for 31 percent in the overall outstanding loan portfolio of Armenian commercial banks as of December 31, 2011 that stood at 1.206.1 billion drams.

According to their provisional reports for the fourth quarter of 2011, some 390.5 billion drams of that sum were outstanding individual loans, up from 356 billion drams at the beginning of the fourth quarter.

According to an ARKA analysis, the leading bank in terms of loans provided to individual borrowers in the 4th quarter was ACBA CREDIT AGRICOLE BANK that accounted for 18.1% of all individual loans. Some 48.36% of its loans or 70.5 billion drams were loans to individuals which rose form 67.4 billion drams at the beginning of the quarter. Other leaders were Bank VTB (Armenia) – over 49.3 billion drams, Ardshininvestbank –about 30.4 billion drams, Conversebank -27.5 billion drams, and Unibank -27.2 billion drams. There are 21 banks in Armenia which operate 437 branches. ($1 – 388.99 drams). -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img