Wed, 2 July
20.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Trade lending by Armenia’s banks rose by 4.9% to AMD 364.1 bln in Q3

YEREVAN, November 22. /ARKA/. Trade lending by Armenia’s commercial banks rose by 4.9% to about 364.1 billion drams as of the end of September 2013, compared to the quarter before.

According to interim financial reports released by the banks, loans and other borrowings stood at over 1,692.5 billion drams as of the end of September compared to 1,660.8 billion drams in the second quarter.
An analysis by ARKA showed Bank VTB (Armenia) is the leader in trade lending: its trade loans accounted for 11.3% of the total trade lending by banks and were more than 41.4 billion drams (41.4bln drams at the end of Q2) or over 20.3% of the bank’s loan portfolio.

Among other leaders were HSBC Bank Armenia (about 39.6bln drams), Ameriabank (about 34.8bln drams), Ardshininvestbank (about 31.1bln drams) and Inecobank (about 28.7bln drams).

Trade lending accounted for 29.6%, 20.1%, 19.3% and 36.7% of these banks’ credit portfolios respectively.

As of the end of September there were 21 banks with 484 branches in Armenia. ($1=404.94drams). –0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank of Armenia refrains from forecasting the exchange rate of dram for 2025

The Chairman of the Central Bank of Armenia Martin Galstyan declined today forecasts on the exchange rate of the national currency , the dram, against the US dollar for the next year and did not comment on the impact of the recent fluctuations of the Russian ruble.   

Finance Minister: Armenia has no problems with public debt management

The government of Armenia does not have serious problems with managing the public debt,  Finance Minister Vahe Hovhannisyan said today in response to ARKA News Agency's about  about how manageable the debt is and what the main risks associated with it are.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

LATEST NEWS

spot_imgspot_imgspot_img