Armenian banks’ loans to individuals hike 22% in 2013

YEREVAN, February 21. /ARKA/. Armenian commercial banks’ loans to individuals rose by 22% to 601.5 billion drams in 2013, with share of these lending receivables at 33.6% in loan portfolio of banks in 2013.

Loans to clients and other lending amounted to about 1,787.9 billion drams, according to interim financial reports of the banks for Q4 2013.

An analysis by ARKA showed ACBA-CREDIT AGRICOLE BANK was leader in lending to individuals as of the end of 2013 with its share in overall volume at 16.8%. Loans to individuals accounted for 58.6% of the overall lending by the bank and amounted to about 101.3 billion drams.

Other leaders are Bank VTB (Armenia) – over 86.6bln drams, Unibank – 51.2bln drams, Ardshininvestbank – about 51bln drams and Conversebank – over 44bln drams. Share of loans to individuals in overall lending by these banks was 37%, 44.6%, 29.8% and 52.9% respectively.

There were 21 commercial banks operating in Armenia as of the end of December 2013. ($1=412.44drams). –0—

spot_img

POPULAR

Board of the Central Bank of Armenia raised the monetary policy rate for the second time in a row, to 7%

At its meeting on Tuesday, the Board of the Central Bank of Armenia decided to raise the monetary policy rate by 0.25 percentage points, from 6.75% to 7%.

Central Bank of Armenia acquired $1.9 billion in market from beginning of year through September – Finance Minister

The Central Bank intervened in the market and acquired approximately $1.9 billion from the beginning of the year through September, Armenian Finance Minister Vahe Hovhannisyan stated in parliament while presenting the draft state budget for 2027.

Armenia’s public debt will stabilize at around 47% – Finance Minister

Armenia's public debt will stabilize at around 47% of GDP.

Armenia’s fiscal policy in 2027 will restrain aggregate demand: Central Bank Governor

Armenia's fiscal policy in 2027, if economic growth remains slightly above the long-term sustainable level, will have a certain restraining effect on aggregate demand, stated Central Bank Governor Martin Galstyan, presenting the regulator's conclusion on next year's draft state budget to parliament.

Pashinyan: Armenian citizens received 95 billion drams in income tax refunds in 2025, and 78.6 billion drams in 2026

In 2025, Armenian citizens received 95 billion drams (approximately $263 million) in income tax refunds on mortgage loans, and 78.6 billion drams since the beginning of 2026.

LATEST NEWS

spot_imgspot_imgspot_img