YEREVAN, February 5. /ARKA/. The aggregate loan portfolio of Armenia’s banks amounted to AMD 2 163 billion in 2014 after growing 21.2% over the year.
ARKA News Agency’s analysis shows that Ameriabank, VTB Bank (Armenia), Ardshinbank, HSBC Bank Armenia and Armbusinessbank were largest lenders among the country’s banks in 2014. These banks’ aggregate loan portfolio amounted to AMD 1 135.7 billion and made up 52.5% of the total lending of the country’s banks.
Ameriabank, with its AMD 300.4 billion, a 62.3% growth and a 13.9% share in the aggregate loan portfolio, was the biggest lender in 2014.
VTB Bank (Armenia), with its AMD 244.3 billion, an 11.7% growth and an 11.3% share, came second in ARKA News Agency’s ranking.
Ardshinbank, with AMD 220.1 billion, a 27.8% growth and a 10.2% share, ranked third here, HSBC Bank Armenia, with AMD 186.5 billion, a 21.7% growth and a 8.6% share, fourth and Armbusinessbank, with AMD 184.4 billion, 34.4% and 8.5% respectively fifth.
Ameriabank was singled out by ARKA News Agency also for the highest growth – the bank built up its loan portfolio by 62.3% over one year.
Areximbank – Gazprombank Group was singled out for a 25.5% decline. This was the only bank in Armenia to show decline in lending in 2014. The bank with its AMD 69.1 billion came 10th in the news agency’s ranking.
Mellat Bank, with its loan portfolio amounting to AMD 5.5 billion, was the smallest creditor among Armenia’s banks in 2014, though the bank built up its lending by 14.5%. Its share in Armenian banks’ aggregate lending was 0.3%.
The ranking is based on the latest issue of ARKA News Agency’s ‘Banks of Armenia’ bulletin. –0–
