Mon, 7 April
18.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
spot_img

Loan investments by Armenian banks surged 5.3% to AMD 1 605.5 bln in September

YEREVAN, November 6. /ARKA/. Armenian commercial banks’ aggregate portfolio of loans extended to residents has grown 5.3% since the beginning of this year to AMD 1,605.5 billion in late September.

According to the central bank’s official website, loans extended to residents in drams totaled over AMD 584.7 billion in September, an increase of 8.5% against January; loans to residents in foreign currencies grew 3.4% to about AMD 1,020.8 billion.

According to the source, lending to industry dominated in the banks’ aggregate loan portfolio in September – its share was 21.6%. Banks’ outstanding loans to industrial enterprises totaled about AMD 347.3 billion in September showing 8.9% decline compared with January.

Trade lending is the second with a 21.3-percent share in overall loan portfolio in September.

Trade lending amounted to AMD 341.9 billion in September showing 7.4% growth, compared with January.

Consumer lending comes the next: it amounted to AMD 340.6 billion – 21.2% and 13.4% growth respectively.

Banks’ mortgage loan portfolio grew 9.5% to AMD 138.8 billion, lending to construction rose by 3% to AMD 103.2 billion and banks’ lending to agriculture grew 6.9% to AMD 98.5 billion.

Lending to the services sector grew 5.6% to AMD 89.6 billion, to transport and communication services 2.9% to AMD 40.3 billion and to other segments of the national economy by 26.9% to AMD 105 billion.

Twenty one commercial banks functioned in Armenia in September 2013. ($1 – AMD 405.77). –0–

spot_img

POPULAR

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

Dollar, Euro And Ruble Exchange Rates Slightly Decrease Against Dram

The average market exchange rate of the US dollar to the Armenian dram on April 4, 2025, dropped by 0.1 points compared to April 3 and amounted to AMD 391.22.

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Ministry of Economy and  IMF delegation discussed Armenia’s economic diversification, export strategy

Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.

Concept of a private investment fund in Armenia discussed by Minister of Economy with Nubar Afeyan

The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.

LATEST NEWS

spot_imgspot_imgspot_img