Armenian banks’ loan portfolio in absolute numbers surged from 400 billion drams in 2007 to 1.7 trillion drams in 2013

YEREVAN, May 19. / ARKA /. Armenian banks’ loan portfolio in absolute numbers surged from 400 billion drams in 2007 to 1.7 trillion drams in 2013, accoridng to Central Bank chairman Arthur Javadyan, who spoke today at parliament.

He said also that the ratio of bank-owned assets to the GDP has tripled from 2007 to 2013.

“This ratio has increased from 24.4% to 77, while the ratio of loans to GDP has grown from 13% to 43%. In absolute numbers, the loan portfolio of the banking system increased from 400 billion to 1.7 trillion drams, while the deposits grew from 400 billion to 1.5 trillion drams,” he said.

He said the average rate on loans decreased by 4.5 percentage points, while the average rate on deposits increased by 1.2 percentage points.

“Thus, we were able to successfully counter the effects of the global financial crisis. None of our financial institution faced the problem of insolvency and did not need budgetary support,” he said.

Armenian president Serzh Sargsyan has asked the National Assembly to reappoint Arthur Javadyan as chairman of the Central Bank. He is the only nomination for the post. Under the Constitution, chairman of the Central Bank is appointed by the parliament for a six year term. The candidate is nominated by the head of the country. Javadyan was first elected as chairman of the Central Bank in June 2008. ($ 1 – 413.31 drams). -0-

spot_img

POPULAR

Net profit of Armenian credit institutions fell by 26.62% over the first 9 months, to 30.27 billion drams

The aggregate net profit of credit organizations in Armenia for the period from January to September 2026 totaled 30.27 billion drams, down 26.62% from the 41.26 billion drams recorded during the same period in 2025.

Create your Visa Digital from Unibank for purchases and transfers

Unibank offers Visa Digital cards for money transfers as well as online and in-store purchases.

acbaSplit: Acba Bank launches a new payment service

Acba Bank has launched "acbaSplit," a service that allows customers to make purchases of up to 5 million Armenian drams (AMD) with the option to pay in installments.

Euro and US dollar exchange rates rise against the Armenian dram; ruble falls – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, as recorded in Armenia’s foreign exchange market on November 9, 2026, increased by 0.09 points compared to November 6, reaching 360.34 drams.

IDBank at the UBA Regional Conference: From Travel Solutions to Business Opportunities

IDBank participated in the latest regional conference of the Union of Banks of Armenia, held this time in Gyumri.

LATEST NEWS

spot_imgspot_imgspot_img