Sat, 21 February
-3.9 C
Yerevan
USD: 376.82 RUB: 4.90 EUR: 443.25 GEL: 140.90 GBP: 507.65

Armenian credit organizations’ aggregate loan portfolio grows 16.8% to AMD 148.6 billion by late May 2014

YEREVAN, July 9. /ARKA/. Loans extended by Armenia’s credit organizations totaled AMD 148.6 billion in late May 2014 showing 16.8% year-on-year growth, the National Statistical Service reports.

Lending to residents amounted to AMD 148.45 in late May 2014 – 16.9% year-on-year growth. Loans in drams here amounted to AMD 93.7 billion (21.3% growth) and in foreign currencies to about AMD 54.8 billion (0% growth).

According to the statistical report, lending to households grew 24.2% to about AMD 112.7 billion, of which about AMD 79.4 billion was lent in drams (22.5% growth) and about AMD 33.3 billion in foreign currencies (28.2% growth). ($1 – AMD 407.55). -0—-

spot_img

POPULAR

Share of bad loans is decreasing – head of the Union of Banks of Armenia

The share of bad loans in the system is declining and is less than 2%. Daniel Azatyan, head of the Union of Banks of Armenia (UBA), announced this at a final press conference.

In Armenia, more than 21,000 citizens have signed up for cashless pension and benefit payments — Ministry of Social Affairs

By February 19, 2026, 21,539 citizens in Armenia have voluntarily switched to cashless pension and benefit payments, announced Minister of Labor and Social Affairs Arsen Torosyan.

EDB assesses factors driving Armenia’s GDP growth in 2026 – macro review

According to EDB forecasts, Armenia's GDP will grow by 5.3% in 2026.

Head of the Union of Banks of Armenia named the riskiest lending sectors

Daniel Azatyan, the head of the Union of Banks of Armenia, identified mortgage and consumer lending as areas that require attention in the context of the risk of credit market overheating.

Armenia is discussing the possibility of providing loans to taxi drivers with transparent incomes

Minister of Economy Gevorg Papoyan announced that he has initiated discussions on providing loans to taxi drivers with transparent incomes.

LATEST NEWS

spot_imgspot_imgspot_img