Sat, 5 April
13.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Consumer lending by Armenian banks grew by 220 billion in 12 months

YEREVAN, June 13 /ARKA/. At the end of April, 2019, consumer lending by Armenian banks amounted to 776.6 billion drams, having increased by 220.4 billion drams ($ 459 million) or 39.6% from April 2018, Central Bank of Armenia said.

Mortgage lending grew by 30.8% to 277.8 billion drams. The amount of loans provided to the service sector amounted to 250 billion drams, an increase of 7.8% from late April 2018. Lending to trade increased by 5.7% to 457.3 billion drams. Also loans provided to such sectors as transport and communications surged by 38% to 101.8 billion drams.

Loans provided to the construction sector grew by 18.7% to 169.2 billion drams and lending to agriculture upped by 1.3% to 142.6 billion drams. Lending to industry dropped by 3.15% to 483.7 billion drams. ($ 1 – 479.36

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img