YEREVAN, May 16. /ARKA/. In the first quarter of 2016 Armenian banks’ overall lending to private persons grew by 0.47% from the beginning of the year to 736.6 billion drams, according to ARKA news agency’s financial and economic bulletin “Banks of Armenia” for the 1st quarter of this year.
The top five largest banks by size of lending to private persons included ACBA-CREDIT AGRICOLE BANK, Ardshinbank, VTB Bank (Armenia), Unibank and Inecobank. These banks accounted for 54.6% or about 402.8 billion drams of the aggregate lending to private persons.
More specifically ACBA-CREDIT AGRICOLE BANK accounted for 17.4% of the total lending or 128.79 billion drams. The figure was by 4.7% up from the beginning of the year.
Ardshinbank’s share was 87.6, billion drams, a growth of 3.5% from the beginning of the year, VTB Bank (Armenia) accounted for 79.3 billion drams, a 1.1% decline, Unibank’s share stood at 55.3 billion drams, a decline by 0.5% and Inecobank accounted for 51.71 billion drams, a 16.1% growth.
The total amount of loans granted by Armenian banks stood at 2.171.9 trillion drams, having decreased by 0.5% from the beginning of the year. ($ 1 – 479.34 drams).0-
