Sun, 27 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian banks’ lending to resident economy ups 0.2% to over AMD 1 449 bln in October

YEREVAN, November 30. /ARKA/. Lending to Armenia’s resident economy by the commercial banks rose 0.2% in October from September to over 1 449 billion drams as of 30 October, according to the data published on Central Bank’s website.

AMD credits climbed 0.9% to over 517.4 billion drams in October from September. At the same time, the loans in foreign currencies tumbled 0.1% to over 932.2 billion drams.

According to the source, lending to industry had the highest share (24.5%) in the total lending of the commercial banks. A total of 355.8 billion drams in loans was allocated to that sphere ( 0.6% growth from September).

Lending to the commercial sphere made up 21.9% (317.8 billion drams), which is 1.3% lower from a month earlier.

Consumer lending made up 19.2%, which is 2% higher in October from September. Consumer loans to Armenia’s resident economy totaled nearly 277.6 billion drams at the end of October.

As of 30 October 2012, there are 21 commercial banks in Armenia. ($1 – 405.19 drams).—0-

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

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.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img