Tue, 8 July
16.1 C
Yerevan
USD: 384.11 RUB: 4.88 EUR: 450.45 GEL: 141.38 GBP: 522.39

Some 23.2% of lending goes to industry: CENTRAL BANK

YEREVAN, April 5. /ARKA/.  The Central Bank of Armenia said 23.2% of all outstanding loans provided by local commercial banks to residents went to industrial sector. According to a statement on the Central Bank’s official website, the lending to industry rose to 289.6 billion drams as of late February, which was by 5% more than in the previous month.
Some 22.7% of all loans were channeled into trade growing by 3.3% from the previous month to 284.1 billion drams at the end of February.
Consumer loans accounted for 18.7% of the combined outstanding credit portfolio of the banks or 234.1  billion drams, mortgage loans’ share was  8.8%  or 110.3  billion drams, the share of lending provided to construction sector  was 7.7%  or  96.6  billion drams, agricultural lending accounted for 6.1%  or 76.7 billion drams and loans provided to transport and communications made 3.3%  or 42.3 billion drams   ($1 – 391.32 drams).  -0-

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Armenia takes first step toward regulating crypto assets

On Thursday, the National Assembly of Armenia approved in the second and final reading a draft law On Crypto Assets and amendments to a number of related laws.

Unibank pays AMD 7.8 billion dividends to shareholders

Unibank summarised 2024 with a profit of 8.2 billion AMD, of which 7.8 billion AMD will be paid for dividends - almost twice as much as the previous year. The decision was taken at the shareholders’ annual general meeting of “Unibank” OJSC.

LATEST NEWS

spot_imgspot_imgspot_img