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Tag: credits

Lending to Armenian production sector in 2009-2012 increased by 12 percentage points to 33.3% in total lending

Economy admin -
Central Bank of Armenia governor, Artur Javadian, said today the lending to production sector in 2009-2012 increased by 12 percentage points to 33.3% in the total lending, which increased in turn the GDP potential

Loan repayment system successful at VTB Bank (Armenia)- CEO Gusev

Banks admin -
Loan repayment at VTB Bank (Armenia) proved to be more successful this year than a year earlier, Director General- Chairman of the Board of Directors at VTB Bank (Armenia) Yuri Gusev said in response to ARKA agency’s question

Mortgage lending in Armenian banks’ loan portfolio exceeds AMD 123 billion

Banks admin -
Mortgage loans extended by Armenian commercial banks totaled AMD 123.2 billion in late August 2012 after growing 1.9% since late July

Zadornov: VTB Bank (Armenia) holds 15% at CIS retail lending market

Banks admin -
VTB Bank (Armenia) holds 15% at CIS and Georgia’s retail lending market, Mikhail Zadornov, VTB24 bank president and chairman of the bank’s board

Armenian commercial banks’ lending to residents grows 2.8% to 1316.8 billion in March

Banks admin -
Armenian commercial banks’ lending to residents grew 2.8% in March

Average interest rate on short-term loans in Armenian national currency drop by 1.3 percentage point in march to 17%

Banks admin -
The average interest rate on short-term loans in Armenian national currency

Average rates on AMD loans slip 0.15 p. p. to 16.9 % in March

Banks admin -
The average interest rate on loans in Armenian drams dropped by

Armenian credit organizations’ credit investments grow 3.9% to AMD 85.8 billion

Exchange market admin -
The total amount of the loans extended by Armenian credit organizations

Volume of consumer credits in Armenia increased in December 5.2% to 217.4 billion drams

Banks admin -
Volume of consumer credits in Armenia increased in December 5.2% to 217.4 billion drams.

Percent rates of long-term credits for physical entities reduced by 0.45 p.p. in May

Banks admin -
Average percent rates of long-term credits (over 1 year) for physical entities reduced by 0.45 p.p. in May compared with April.

Volume of credits by the program of low rate crediting in agriculture exceeds 2.1 billion drams in Armenia

Banks admin -
Volume of credits by the program of low rate crediting in agriculture exceeds 2.1 billion drams in Armenia.

Opposition MP: bank credits in agriculture sphere are small

Banks admin -
Banking resources for crediting agriculture sphere in Armenia are not used optimally, MP of opposition faction “Dashnaktsutyun” Artsvik Minasyan considers.

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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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