YEREVAN, November 15, \/ARKA\/. The volume of credit funds, issued by Armenian crediting organizations to resident borrowers, including factoring, leasing and placed deposits grew by 0.2% in the third quarter to 76.3 billion Drams, if compared to quarter two, the Central Bank of Armenia said in its quarterly review of crediting organizations\u2019 performance.<\/p>\n
The largest growth of credits, 10.3%, was registered in trade sector (11.5 billion Drams). Construction sector accounted for 5.5% growth (4.6 billion Drams). Mortgage lending increased by 5.2% to 9.1 billion Drams, while consumer loans rose by 3.6% to 4.1 billion Drams. Lending to financial sector was said to have risen by 2.9% to 22.5 billion Drams and to transport and communications sector by 0.8% to 2.2 billion Drams.<\/p>\n
Lending to agricultural sector dropped by 6.4% to 12.1 billion Drams and lending to other sectors of economy contracted by 3.3% to 5.7 billion Drams. The financial sector accounted for the largest portion of credits \u2013 29.5%. It was followed by agriculture with 16%, trade -15.1%, mortgage credits- 12%, construction -5.9% and industry \u2013 6%. Five percent of lending were consumer credits. There are 32 crediting organizations in Armenia with 60 branches.($1 \u2013 364.00 Drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"
Volume of credit funds, issued by Armenian crediting organizations to resident borrowers, grows to 76.3 billion drams<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9216,371],"tags":[15837,12755,12692,308],"class_list":{"0":"post-16954","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news","7":"category-371","9":"tag-borrowers","10":"tag-crediting-organizations","11":"tag-308"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/16954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=16954"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/16954\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=16954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=16954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=16954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}