Tue, 1 July
29.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Lending to industrial enterprises in Armenian banks’ outstanding loan portfolio Shrink 2.7% in Q3

YEREVAN, November 13. /ARKA/. Lending to industrial enterprises in Armenian banks’ aggregate outstanding loan portfolio shrank 2.7% in the third quarter, compared with the previous quarter, to AMD 235.4 billion by late September.

According to banks’ quarterly reports, the loans extended to economic entities totaled AMD 1.45 trillion in late September against AMD 1.44 trillion in late June.

ARKA News Agency’s analysis shows that the largest industry lender in the third quarter was Areximbank – Gazprombank Group, whose share in Armenian banks’ aggregate portfolio of outstanding loans extended to industrial enterprises was 15.8%.

Lending to industry made up more than 42.1% of the bank’s outstanding loan portfolio and amounted to over AMD 37.2 billion by the end of third quarter against the previous quarter’s AMD 37.7 billion.

ACBA-CREDIT AGRICOLE BANK, with its about AMD 31.1 billion lent to industrial companies and 19.7%, came second in ARKA News Agency’s third quarter ranking.

HSBC Bank Armenia, with about AMD 28.2 billion and 21.3%, and Armbusinessbank, with about AMD 22.6 billion and 18.9%, were ranked third and fourth respectively.

Twenty one commercial banks with their 458 branches function in Armenia now. ($1 – AMD 409.5). –0—-

spot_img

POPULAR

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img