Sat, 14 June
22.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Time of the Brave: head of investment banking at Dimension Investments on the prospects of Armenia’s capital market development (Exclusive)

Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks  in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.

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