Wed, 23 July
29.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Armenian banks’ aggregate credit exposure grow 4.7% to 1.6trln drams over 2012

YEREVAN, February 11. /ARKA/. Armenian banks’ credit exposure, including deposits, factoring and leasing, totalled over 1.6 trillion drams by the end of the fourth quarter 2012, a 4.7% increase against Q3, the Central Bank of Armenia reports.

The highest growth was recorded in lending to science and technical field – 28.3% to 5.1bln drams. Lending to mining companies grew by 19.4% to 84.2bln drams; loans to other industries went 33% up to 74.5bln drams.

In the reporting period, loans to healthcare sector grew by 16%, those to energy, gas and air treatment sectors went up by 12.8%; lending to services and catering grew by 12.1%.
At the same time, in 2012, decline was recorded in lending to transport and communication (18%), culture and recreation (11.4%) and healthcare (8.1%).

Negligible reduction was seen in loans to construction (3.1%), trade segment (0.3%), haulage and warehousing (0.9%).

The share of trade segment in overall loan portfolio was 20% and that of consumer loans was 18.4%. Loans to processing industry, mortgage loans and farm constituted 10.3%, 7.9% and 6.3% of the overall portfolio respectively.

There were 21 commercial banks operating in Armenia in 2012. ($1=406.10drams). –0–

spot_img

POPULAR

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.

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.

Euro and dollar rise against Armenian dram, as Russian ruble falls slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 14, 2025, increased by 0.23 points compared to July 11 and amounted to 384.14 drams.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

LATEST NEWS

spot_imgspot_imgspot_img