YEREVAN, March 29. /ARKA/. The ratio of Armenia’s banking system assets to the country’s GDP jumped by 9.6 percentage points to 54.1%, according to the Bulletin of the Central Bank of Armenia.
Ratios of loans to economy to GDP and deposits to GDP in 2011 were accounted 31.6 % and 24.5%, boost by 6.3 p.p. and 5.3 p.p. from 2010 respectively.
Armenian banking system assets advanced 32.4 % to 2.67 trillion drams as of later December. At the same time loan deposits by banks (excluding factoring and leasing) increased by 36.2 % to over 1.2 trillion drams within the reported period.
As of December 31 there are 21 commercial banks with 442 branches in Armenia. ($1 – 389.82 drams).—0—
Ratio of Armenia’s banking system assets to GDP is 54.1% in 2011
