YEREVAN, May 17. /ARKA/. Individuals’ outstanding loans made up 30.9% of Armenian banks’ loan portfolio in late March.
Banks’ financial reports show that their aggregate loan portfolio, including lending to clients and other borrowings, amounted to about AMD 1.4 trillion in late March, and loans extended to individuals exceeded AMD 419.2 billion against AMD 1.3 trillion and AMD 390.5 billion respectively in the beginning of this year.
ARKA News Agency’s analysis shows that ACBA-Credit Agricole Bank, with its 18.2% share in Armenian banks’ aggregate loan portfolio, was the largest lender in the first quarter.
Individual loans amounted to AMD 76.3 billion in late March 2012 against AMD 70.5 billion in early January and accounted for 49.6% of the bank’s loan portfolio.
VTB Bank (Armenia), with its AMD 58.4 billion, was the second biggest lender, Ardshininvestbank (about AMD 34.4 billion) third, Unibank (AMD 29.2 billion) fourth and Converse Bank (AMD 28 billion) fifth in the first quarter.
These banks’ lending to individuals accounted for 36.7%, 33.6%, 32.4% and 55% respectively in Armenian banks’ aggregate loan portfolio.
Twenty one banks with their 444 branches operated in Armenia in late March 2012. ($1 – AMD 396.98). -0—
