YEREVAN, October 19. /ARKA/. Armenian banks have built up their aggregate loan portfolio 10.2% or by AMD 2 910.8 billion since the beginning of this year.
Only two of the country’s 17 banks have their lending reduced over these nine months.
According to banks’ reports, their aggregate assets totaled AMD 4 738.9 billion in late September 2018 after growing 8.8% since the beginning of the year, and their liabilities amounted to AMD 3 990.2 billion (9% growth), including liabilities to clients – AMD 2 709.4 billion (6% growth).
Their total capital has grown 8% over nine months to AMD 748.6 billion.
The banking sector’s net profits amounted to AMD 51.6 billion in Jan-Sept 2018 against AMD 28.5 billion at the same period a year before (84.3% year-on-year growth).
All the 17 banks operating in Armenia ended the Jan-Sept period with profits. -0—
