Sat, 27 September
14.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Armenian banks’ lending increased last year by 15% to 2.4 trillion drams

YEREVAN, February 3, /ARKA/. Armenian banks’ lending increased last year by 15% or 316.5 billion drams ($650 million) from 2015 to 2.4 trillion drams, according to Armenia’s Central Bank. Loans provided to residents only amounted to 2.116.8 trillion drams, having grown by 5.5%.

Of this amount 64.7% were provided in foreign currency, which last year increased by only 3.5% to the equivalent of 1.370.5 trillion drams, while loans in Armenian national currency grew by 9.6% to 746.3 billion drams.

Loans provided to corporate clients increased by 7.4% to 1.211.1 trillion drams, including 197.7 billion drams in Armenian national currency (a 10.2% growth), and the equivalent of 1.013.4 trillion drams in foreign currency (a 7% growth).

Incidentally, lending to Armenian households in 2016 fell by 0.04% only to 779.6 billion drams. The decline was due to the reduction in lending in foreign currency by 6.2% to the equivalent of 293.8 billion drams, while lending in drams increased by 4.1% to 485.7 billion drams.

Some 319.2 billion drams worth loans were provided to non-residents, an increase of 2.7 times. To date, there are 17 commercial banks operating in Armenia. ($ 1 – 485.91 drams). -0-

spot_img

POPULAR

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

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.

LATEST NEWS

spot_imgspot_imgspot_img