Sun, 19 October
12.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

Ratio of Armenia’s banking system assets to GDP is 54.1% in 2011

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—

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

LATEST NEWS

spot_imgspot_imgspot_img