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-
