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

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

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.

“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 Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img