Thu, 16 October
12.1 C
Yerevan
USD: 382.67 RUB: 4.84 EUR: 444.93 GEL: 141.23 GBP: 511.44

Loans provided by Armenia’s crediting organizations to residents grew by 4.5 percent in third quarter to 144.4 billion drams

YEREVAN, November 7. / ARKA /. The amount of loans provided by Armenia’s crediting organizations to residents, including placed deposits, factoring and leasing, grew by 4.5 percent in the third quarter to 144.4 billion drams at the end of September, the Central Bank of Armenia said in its review of the performance of credit institutions in the third quarter of 2012.

According to the review, the largest lending growth from the previous quarter was recorded in health care, which amounted to 23.4%, as the amount of loans grew to 58.8 billion drams.

The lending to service and catering sectors in the reporting period of time grew by 12.8% to 2.3 billion drams, lending to financial institutions and insurance companies rose by 11.4% to 42.8 billion drams and to the construction sector by 11.2% to 5.7 billion drams.

At the same time, the largest decline in lending in July-September was recorded in the mining industry – by 48% to 344 million drams, to water supply system- by 11.9% to 18.3 million drams and education – by 7.1% to 133.2 million drams.

The volume of consumer and mortgage loans granted by credit institutions in the third quarter compared to the previous quarter, increased by 11.2% and 7.2% to 12.7 billion drams and 16.5 billion drams respectively.

The largest amount of lending went to financial sector – 29.6%, 18 percent to agriculture, 12.8 percent to trade, 11.4 percent were issued as mortgage loans and 5.5 percent went to the manufacturing sector .

Some 8.7 percent were issued as consumer loans. The least lending was provided to water supply, scientific and technical activities, education, transport and communications, culture and recreation, and mining sectors.

On September 30, 2012 there were 32 registered crediting organizations in Armenia with 90 affiliates. ($ 1 – 407.93 drams).

spot_img

POPULAR

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

LATEST NEWS

spot_imgspot_imgspot_img