Sun, 28 September
13.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

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

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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 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.

Investments without myths: CEO of Cube Invest on opportunities, risks and development prospects of Armenian capital market

Investments in the modern world are not only an opportunity to increase capital but also a powerful tool for economic development.

LATEST NEWS

spot_imgspot_imgspot_img