Mon, 30 June
31.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Armenian banks’ credit exposure to residents grows 2.7% to AMD 2 trillion in February

YEREVAN, April 22. /ARKA/. The amounts the Armenian commercial banks have lent to residents reached AMD 2 089 billion by late February after growing 2.7% over one moth, the Central Bank of Armenia reports on its website.

The share of consumer loans in aggregate credit exposure is biggest – 20.5%. Consumer loans extended to residents totaled AMD 428.5 billion in late February after growing 0.9% over the month.

Trade accounted for the second biggest share in the commercial banks’ credit exposure in late February – 17.5%. It also accounted for a 8.5% month-on-month growth to about AMD 366.3 billion.

Mortgage lending is third with its 8.9% share and 0.2% growth to AMD 178.8 billion.

Loans extended to residents in Armenian drams grew 1.9% to AMD 716.6 billion in late February, and those extended in foreign currencies grew 3.1% to AMD 1 373.3 billion.

There are 21 registered commercial banks in Armenia now. ($1 – AMD 479.37). —0—-

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

ACBA Bank summarizes the results of 2024 (video)

ACBA Bank summarized the results of 2024 and defined the future directions of the bank's development at the annual general meeting of shareholders, ACBA said in a press release today.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img