YEREVAN, June 26. /ARKA/. The ratio of banking assets to GDP of Armenia was 54.1% as of 2011 against 44.5% in 2010, according to the data published on Armenian Central Bank’s website.
The ratio of credit investments of Armenian banks to the GDP was 33.3% in 2011 versus 27.1% in 2010.
Total assets of the Armenian banking system valued at 2066,7 billion drams rising by 182,6 billion drams or 9.7% in the fourth quarter late in 2011.
Total credit investments of Armenian banks, including deposits, factoring and leasing, fetched up over 1 294 billion drams as of late 2011, up by 9.1% in the fourth quarter.
As of December 31 of 2012 there are 21 commercial banks in Armenia. ($1 – 418.63 drams).—0–
