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

Market capitalization increased by 27.4% in May, exceeding 478 billion drams – Armenia Securities Exchange

Equity market capitalization increased by 27.4% in May 2026, exceeding 478.8 billion drams, the press service of the Armenia Securities Exchange (AMX) reported.

Pashinyan: Income tax refund program for mortgages will not be extended in regions adjacent to Yerevan from 2027

The Armenian government does not intend to extend the income tax refund program for mortgage interest repayments in the regions adjacent to Yerevan, RA Prime Minister Nikol Pashinyan announced.

Finance Minister Explains Reason for Armenia’s Public Debt Growth

Armenia's public debt in 2025 increased by 8.8% compared to 2024, stated RA Finance Minister Vahe Hovhannisyan.

Central Bank of Armenia should be prepared to adjust interest rates if necessary – IMF

The ongoing economic uncertainty underscores Armenian authorities' need for continuing efforts to build resilience and improve prospects for future growth, the International Monetary Fund (IMF) said in a press release.

EBRD has appointed a new head of its office in Armenia

The European Bank for Reconstruction and Development (EBRD) has appointed Remon Zakaria as the new head of its Yerevan Resident Office, effective 1 September 2026, replacing George Akhalkatsi.

LATEST NEWS

spot_imgspot_imgspot_img