YEREVAN, March 14. /ARKA/. Armenian credit organizations’ lending to agriculture has grown 2.6% since late December 2012 to about AMD 30.9 billion by late January 2013, the Central Bank of Armenia reports in its monthly review.
Loans extended to plant-cultivating farms totaled AMD 14.2 billion in late January 2013 against AMD 13.9 billion in December 2012 and to cattle-breeding farms amounted to AMD 15.8 billion against 15.4 billion.
Armenian credit organizations’ lending to trade amounted to AMD 19.2 billion in late January 2013 after shrinking 0.7% over the month.
The loans extended to retail traders totaled AMD 15.9 billion and to wholesale traders about AMD 3 billion.
According to the central bank, the credit organizations’ lending to processing enterprises amounted to AMD 9 billion in late January 2013 – 1.3% month-on-month decline. Remarkable is that lending to food-producing companies dominated the credit organization’s aggregate loan portfolio in late January 2013, when it amounted to about AMD 3.4 billion.
Thirty two credit organizations functioned in Armenia in late January 2013. ($1 – AMD 412.75). –0—
