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

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

Banks

Guesthouse “Bees and Beekeeping” in Lori Province

In the village of Vardablur in the Lori region, at the "Beeography" guesthouse, guests are welcomed with a honey drink, considered the guesthouse's signature dish.
Crypto

Tokenization could change the investment philosophy in Armenia – expert

Tokenization is a serious mechanism that could change the investment philosophy in Armenia, noted Felix Vartanov, CEO and shareholder of the investment and holding company BlackRiver Capital (Dubai).
Economy

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.
Banks

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.
Announces

Euro and dollar exchange rates against the Armenian dram rose, while the ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of March 10, 2026, increased by 0.12 points compared to March 9, reaching 377.41 drams.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Armenian banks’ net interest income grows 22.8% in 2011 to AMD 101.4 billion
Next article
Average rate on AMD loans increase by 0.7% to 17.6%