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

Acba Bank and Bank of New York Mellon launch partnership

Armenian Acba Bank is expanding its international partner network by partnering with one of the world's most respected financial institutions, The Bank of New York Mellon, the bank's press service reported.
Announces

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 13–19)

The week in the Armenian financial market was influenced by updated assessments from international financial institutions, monetary policy signals, and the continued stability of the foreign exchange market.
Banks

In February, Armenia’s net inflow of non-commercial money transfers grew moderately after a jump in January – WB

In February, net non-commercial money transfers to Armenia grew by 5.2 percent (yoy), following a 44 percent (yoy) surge in January, according to World Bank's Armenia Monthly Economic Update – April 2026 .
Announces

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

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 22, 2026, decreased by 0.21 points compared to April 21, to 372.38 drams.
Banks

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

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%