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Tag: lending

Armenian banks report 6.7% drop in 9 months’ lending

Banks admin -
The overall lending of 17 Armenia-based commercial banks fell by 6.7% or 279 billion drams in the first 9 months of 2021 to 3.9 trillion drams, Deputy Executive Director of the Union of Banks of Armenia  (UBA) Arman Sargsyan said at a press conference on Friday

Armenia’s annual lending drops by 12% in first half of 2021 to 2 percent –BSTDB

Banks admin -
Lending rates have increased in Turkey and Armenia, the two countries that began tightening their monetary policies in 2020, while lending growth has slowed significantly, the Black Sea Trade and Development Bank (BSTDB) said in a report

Armenia-based banks’ lending drops by 6% in first half of 2021 to 3.9 trillion drams

Banks admin -
In the frist half of 2021 Armenia-based banks' lending decreased by about 253 billion drams or 6% from the first half of 2020 and by 189 billion drams or 4.6% when compared to the first quarter of 2021 to 3.9 trillion drams at the end of June, the Union of Banks of Armenia said today

EBRD, EU, GCF expand funding for SMEs in Armenia; US$ 10 million to ACBA Bank for green lending to private sector

Banks admin -
Armenia’s private sector will benefit from new resources for green financing thanks to a US$ 10 million financial package put together by the European Bank for Reconstruction and Development (EBRD) in cooperation with the European Union (EU) and the Green Climate Fund (GCF) to facilitate the private sector’s transition to more sustainable, low-carbon and climate-resilient practices, EBRD said today in a press release

Mortgage lending in Armenia on the rise, central bank says

Banks admin -
Consumer lending in Armenia is not booming, but mortgage lending has intensified, Chairman of the Central Bank Martin Galstyan told reporters on Tuesday

Armenian banks’ lending grew by 6.9% y-o-y in first quarter, 2021

Banks admin -
Armenian banks' overall lending stood at 4.14 trillion drams in late March 2021, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Wednesday

Lending by Armenian banks in early 2021 is up 11 percent, central bank says

Economy admin -
Lending volumes have grown in Armenia in early 2021, Chairman of the Central Bank of Armenia Martin Galstyan said on Tuesday

Armenian banks’ lending in 2019 grows by 10 percent to 3.572 trillion. drams

Banks admin -
Armenian banks' lending in 2019 amounted to 3.572 trillion. drams, the executive director of the Union of Banks of Armenia Seyran Sargsyan told reporters on Friday

Top ten Armenian banks by size of lending in 2019

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

Armenian banks’ lending amounts to 3.37 trillion drams

Banks admin -
The amount of lending provided by Armenian banks in the first 9 months of 2019 grew to 3.37 trillion drams, the chairman of the Union of Banks of Armenia Mher Abrahamyan told reporters on Wednesday

Mortgage lending by Armenia-based commercial banks almost doubled

Banks admin -
The mortgage lending by Armenia-based commercial banks has almost doubled, Armenian Prime Minister Nikol Pashinyan said at a press conference in Vanadzor on Monday

Mortgage lending breaks record. portfolio loans of Armenian banks surge by 14.4 percent in July

Banks admin -
The loan portfolios of Armenian commercial banks grew by 14.4% in 2019 July as opposed to 2018 July, the head of the Union of Banks of Armenia and CEO of Ameriabank Artak Hanesyan told reporters today

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Central Bank of Armenia warns about fraudulent surveys and urges not to share banking data

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The Central Bank of Armenia does not conduct any surveys regarding citizens' banking data, the regulator said today.

Euro up 3.8 drams, US dollar down 0.1 points

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The average market exchange rate of the US dollar to the Armenian dram as of January 22, 2024, was 398.74 drams, down 0.1 points compared to January 21.

Armenia to get $40 million loan from  IBRD for substation reconstruction

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The National Assembly of Armenia has ratified today a $40 million loan agreement between the government and the International Bank for Reconstruction and Development (IBRD, a World Bank division).

US dollar, euro and ruble rise in Armenia for the second day in a row

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The average market exchange rate of the US dollar to the Armenian dram as of January 21, 2024, amounted to 398.84 drams, increasing by 0.2 points compared to January 20.

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