Armenia’s trade lending hits over amd 318 bln or 23.2% of credit portfolio in May

YEREVAN, June 27. /ARKA/. Armenian commercial banks’ lending of trade made up 23.2% of the total lending to the residents( in economic sectors) in May, according to the data published on the website of Armenian Central Bank.

Trade lending increased by 3.9% to 318.1 billion drams as of May 31 from April. Industry lending reported 23.4% of the total lending or over 321.6 billion drams.

Consumer credits totaled in nearly 255.1 billion drams, 18.6% of the total lending. Mortgage loans – 116.8 billion drams, construction- 98.3 billion drams, agriculture- 90.8 billion drams, transport and communication- 45.6 billion drams. ($1 – 418.02 drams).—0–

spot_img

POPULAR

Central Bank of Armenia has issued a warning regarding illegal activities of credit organization My Fin UCO

The Central Bank of Armenia has issued a warning to the public regarding a company operating on Facebook under the name "My Fin UCO," which offers lending services without the appropriate regulatory license.

Armenian Government Approves 2027 State Budget Draft

At its meeting on Thursday, the Armenian government approved the draft law "On the State Budget of the Republic of Armenia for 2027," which will be submitted to the National Assembly in accordance with established procedure.

Unibank Joins the Armenian Solar Energy Association

Unibank has joined the Armenian Solar Energy Association (ASEA), which brings together companies in the renewable energy sector.

Unibank Offers USD-Denominated Bonds with an Annual Coupon Rate of 6%

Unibank has completed the placement of its AMD-denominated bonds ahead of schedule: the issue, with a total volume of AMD 3 billion, was fully placed within just a few days.

Exchange rates of the euro, ruble, and dollar against the Armenian dram have fallen – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, established on Armenia's currency market, fell by 0.18 points to 363.34 drams on September 28, compared to September 25.

LATEST NEWS

spot_imgspot_imgspot_img