Tue, 8 April
12.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
spot_img

Average annual growth in Armenian banks’ credit investments to hit 25% in 2012-2014

YEREVAN, October 16. /ARKA/. Average annual growth in total credit investments by Armenian banks is expected to hit 25% in 2012-2014, according to the report compiled by Armenia’s Central Bank “Outlook on Armenian banks’ financial indicators 2012-2014.”

The interim reports of the banks showed that their credit portfolio totaled in 1.5 trillion drams in the second quarter of this year.

At the same time, the share of credit investments in the total assets of the commercial banks will have risen to 69% by 2014 against 58% in 2011.
The Central Bank said that Assets of commercial banks/GDP ratio is expected to reach 68% in 2014 versus 54% in 2011.

Total assets of Armenia’s banks accounted over 2.2 trillion drams in 2012’s first half.
Return on assets will teeter within 2.2%- 2.8% in 2012-2014 ( in 2011- 1.7%), and return on equity – within 2.7%-16.6% ( in 2012- 9.5%).
There are 21 commercial banks in Armenia. —0-

spot_img

POPULAR

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

Dollar, Euro And Ruble Exchange Rates Slightly Decrease Against Dram

The average market exchange rate of the US dollar to the Armenian dram on April 4, 2025, dropped by 0.1 points compared to April 3 and amounted to AMD 391.22.

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Ministry of Economy and  IMF delegation discussed Armenia’s economic diversification, export strategy

Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.

Concept of a private investment fund in Armenia discussed by Minister of Economy with Nubar Afeyan

The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.

LATEST NEWS

spot_imgspot_imgspot_img