Fri, 24 October
18.1 C
Yerevan
USD: 383.05 RUB: 4.73 EUR: 444.80 GEL: 141.19 GBP: 510.03

Armenian banks’ total lending grew by 2 percent in first quarter to 1.814.3 trillion drams

YEREVAN, April 22. / ARKA /. Armenian banks’ total lending grew by 2 percent in the first quarter of this year from the beginning of the year to 1.814.3 trillion drams, according to an ARKA news agency’s study.

The leading bank by size of lending was the Russian-owned VTB Bank (Armenia) – 229.9 billion drams. The figure represented a 6 percent rise form the beginning of the year.

It was followed by Ameriabank – 190.6 billion drams (up 2.99%), ACBA -CREDIT AGRICOLE BANK – 177.9 billion drams (up 5%), Ardshininvestbank – about 166. 6 billion drams (a 3.29% decline), and HSBC Bank Armenia – 160 billion drams (an increase of 4.43 %).

The banks’ assets in the reporting period dropped by 0.24 percentage point from the start of the year to about 2.932 trillion drams; their liabilities were down 0.76% to 2.450.3 trillion drams and their total capital was 2.5% up to 481.6 billion drams . ($ 1 – 414.06 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“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.

LATEST NEWS

spot_imgspot_imgspot_img