Loan portfolio of Armenian banks in first half of 2025 amounts 7.1 trillion drams -UBA

YEREVAN, August 1: /ARKA/. The loan portfolio of the 17 Armenia-based commercial banks increased to 7.1 trillion drams in the first half of 2025, up from 6.4 trillion drams in the same period of 2024, according to Daniel Azatyan, the head of the Union of Banks of Armenia (UBA).

The majority of the portfolio — 22.8%, or 1.6 trillion drams — consists of consumer loans, which increased by 13.1% compared to January–June 2024. Mortgage loans account for approximately 22.2%, or 1.5 trillion drams, an increase of 4.4%.

Loans provided to the service sector and others make up 11.4% of the loan portfolio (788.8 billion drams, a 21.1% increase). The construction sector is in fourth place with a 10.8% share (751.7 billion drams, up 13.8%).

According to the UBA, the trade sector accounted for 9.6% of the total loan portfolio (667 billion drams, a 5.7% growth), the industrial sector accounted for 8.1% (629.8 billion drams, an 8.3% growth), the financial sector accounted for 6.9% (475.8 billion drams, a 0.2% growth), the agricultural sector accounted for 5.3% (367.5 billion drams, a 6.4% growth), and the transport and communications sector accounted for 1.9% (134.8 billion drams, a 4.1% growth).

According to Azatyan, 50% of the loans were issued to individuals (3.4 trillion drams), 45% were directed to the economy (3 trillion drams), and 5% were provided to other financial institutions (363 billion drams).

The half-year report recorded an increase in the share of loans issued in drams. In 2020, the ratio of dram and foreign currency loans was 50% to 50%. As of June 30, 2025, however, the share of dram loans had increased to 66% ($1 = 383.84 drams). (1 USD = 383.84 AMD). -0-

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