Fri, 4 April
17.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Armenian commercial banks’ loan portfolio grows 4.8% to AMD 1.88 trillion by late June

YEREVAN, July 25. /АРКА/.  The aggregate loan portfolio of Armenia’s commercial banks has been grown 4.8% since the beginning of this year reaching about AMD 1884.2 billion by late June.

According to the Central Bank of Armenia, lending to resident’s amounted to AMD 1831 billion after growing 5% over six months.

The loans extended in drams totaled AMD 689.7 billion – 3.4% growth, and those extended in foreign currencies totaled AMD 1141.3 billion – 6% growth.

In June, the banks lent 1015.6 billion (2.5% growth) to corporate clients, AMD 731 billion (9.3% growth) to households, AMD 42.5 billion (4.6% recline) to noncommercial organizations and AMD 41.9 billion (6.5% growth) to other financial organizations.

The loans extended to nonresidents amounted to AMD 53.1 billion (2.6% decline).

Twenty one commercial banks functioned in Armenia in late June 2014. ($1 – AMD 406.56). —0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img