YEREVAN, August 25. / ARKA /. Lending to private enterprises by Armenian banks in the second quarter of 2014 increased by 9.9% when compared to the same time span of 2013, amounting to over one trillion drams, according to ARKA news agency’s bulletin “Banks of Armenia” for the second quarter of 2014.
The leading bank by size of lending to private businesses was Ameriabank that accounted for 14.5% of the total lending to private enterprises by 21 Armenia-based banks. Some 82 percent of the bank’s aggregate credit portfolio or 153.2 billion were channeled into financing private enterprises.
Other leading banks in terms of lending to private companies were HSBC Bank Armenia (136.3 billion drams), VTB Bank Armenia, (122.7 billion drams) Ardshiinvestbank (105.1 billion drams) and ArmBusinessBank (about 103 billion. drams).
The share of this indicator in their total loan portfolio was 86.1%, 54.1%, 65% and 72.3% respectively.
More precisely, Ameriabank lent some 117.9 billion drams to large enterprises and 35.3 billion drams to small and medium-sized enterprises. HSBC Bank Armenia lent 99.4 billion drams to large enterprises and 39.9 billion drams to small and medium enterprises.
Bank VTB (Armenia) lent 19.9 billion drams to large enterprises and 102.9 billion drams to small and medium enterprises.
According to the interim financial statements of the banks for the second quarter, their total lending stood at more than 1.8 trillion drams as of June 30, up from 1.67 trillion drams in the second quarter of 2013. ($ 1 – 408.71 drams). -0-.
