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Loan investments of Armenian banks surged 8% to AMD 1 660,8 bln in 2Q

YEREVAN, July 31./ARKA/. Loan investments of the Armenian commercial banks rose by 8% in June from earlier this year to 1 660,8 billion drams.

According to ARKA analysis, VTB Bank (Armenia) is leading in the amount of loan investments –194.3 billion drams ( plus 23.64%). It’s loan investments accounted for 11.7% of total loan investments. ACBA-CREDIT AGRICOLE BANK is second –172.5 billion drams (plus 8.29%); Ameriabank is next –167.3 billion drams (plus 7.39%); Ardshininvestbank –over 147.4 billion drams (plus 11.07%) and HSBC Bank Armenia –nearly 138.8 billion drams (plus 6.93%).

As of 30 June 2013 there were 21 commercial banks in Armenia. ($1 – 409.90 drams).—0-

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