YEREVAN, November 15. /ARKA/. Commerce lending of Armenian banks rose 23.9% in the third quarter year-over-year to nearly 323.8 billion drams as of 30 September.
According to the 3Q interim financial reports, economy lending totaled 1.45 trillion drams versus 1.52 trillion drams as of 30 Sep 2011.
ARKA agency’s analyses shows Ameriabank as a leader in commerce lending. The bank’s share in the total commerce lending hit 13.5%. In the total credit portfolio of the bank, commerce lending makes nearly 28% or over 43.7 billion drams (32 billion drams as of 30 September 2011).
Among the commerce lending leaders there are also HSBC Bank Armenia (over 42.6 billion drams), ACBA-CREDIT AGRICOLE BANK (over 30.8 billion drams), Inecobank (nearly 25.3 billion drams).
The share of this kind of lending in the total credit portfolio of these banks was 32.1%, 19.5% and 35.4% respectively.
As of 30 September 2012 there are 21 commercial banks with 458 branches in Armenia. ($1 – 408.77 drams).—0-
