Mon, 3 March
5.1 C
Yerevan
USD: 393.69 RUB: 4.40 EUR: 411.09 GEL: 141.36 GBP: 497.94
spot_img

Armenian banks’ net loan portfolio grew by 24․6% in 2024 to 6 trillion 270 billion drams

YEREVAN, January 27. /ARKA/. The total loan portfolio of the Armenian banks net of reserves grew by 24.6% or AMD 1trillion 239 bln drams in 2024 to AMD 6 trillion 270 bln drams.

According to ARKA news agency ranking, Ameriabank was the leader in the banking system in terms of loan portfolio size. The bank’s lending volume (net of reserves) totaled AMD 1 trillion 310 bln (33% growth).

The second position was held by Ardshinbank, whose net loan portfolio stood at AMD 1 trillion 124 bln (67.3% growth).

In the third position was ACBA Bank with a net loan portfolio of 629.3 billion drams (16.8% growth).

The ranking of the banks by loan portfolio is compiled based on ARKA news agency’s bulletin “Banks of Armenia”, prepared on the basis of Armenian banks’ reports published in accordance with  IFRS.

To purchase this bulletin and other information products of the ARKA news agency, please contact the Marketing Department (e-mail: [email protected]). -0-

spot_img

POPULAR

Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro  down by 0.15 points to AMD 412.64

The average market exchange rate of the U.S. dollar to the Armenian dram on February 21, 2025, totaled AMD 394.41, down 0.9 points compared to February 20.

Euro down 2.2 points to AMD 412.42

The average market exchange rate of the U.S. dollar to the Armenian dram on February 19, 2025, totaled 395.72 drams, down 0.51 points compared to February 18.

Gap between loans and deposits in Armenian banks narrowed 6 times to AMD 89 bln in r 9 months – EFSD

Bank lending growth rates in Armenia exceeded the growth rates of deposits (21.1% and 10.8% y/y, respectively) by the end of September 2024,  contributing to the reduction of excess liquidity in the banking sector, the Eurasian Fund for Stabilization and Development (EFSD) regional economic review “Winter 2024-2025” says.

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

LATEST NEWS

spot_imgspot_imgspot_img