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

Armenian investment company assets have grown approximately sixfold since 2021, exceeding 400 billion drams: Dimension Investments CEO

Armenian investment company assets have grown approximately sixfold since 2021, from 67 billion drams to over 400 billion drams, said Grigor Harutyunyan, CEO of Dimension Investments.

EDB forecasts inflation in Armenia at 4.4% by the end of 2026

Inflation in Armenia will reach 4.4% year-on-year by the end of 2026, according to the Eurasian Development Bank (EDB).

EBRD’s AMD-denominated bonds listed on AMX; Converse Bank acted as underwriter

The AMD-denominated bonds issued by the European Bank for Reconstruction and Development (EBRD) have been listed on the Armenia Securities Exchange (AMX).

Why Armenia’s capital market remains bank-driven: 5 insights from Landmark Capital’s CEO 

Gor Gevorgyan assesses Armenia's economy as growing, the country has significant private capital, and the infrastructure and legislative framework for market development as sufficient.

“Anomaly in the Armenian market: Some bank bonds are trading at a yield lower than sovereign Eurobonds — KK Partners

The authors of the study "Free Lunch in Yerevan: An Arbitrage Anomaly in the Armenian Bond Market" draw attention to the unusual ratio of bank and sovereign bond yields for the debt market.

LATEST NEWS

spot_imgspot_imgspot_img