{"id":250501,"date":"2022-08-26T17:56:09","date_gmt":"2022-08-26T17:56:09","guid":{"rendered":"https:\/\/armbanks.am\/2022\/08\/26\/250501\/"},"modified":"2022-08-26T17:56:09","modified_gmt":"2022-08-26T17:56:09","slug":"armenian-banks-loan-portfolio-ups-0-7-to-about-4-trillion-drams","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2022\/08\/26\/250501\/","title":{"rendered":"Armenian banks’ loan portfolio ups 0.7% to about 4 trillion drams"},"content":{"rendered":"\n

YEREVAN, August 26. \/ARKA\/. <\/strong>In the first half of 2022, the loan portfolio of 17 Armenia-based banks increased by 28 billion drams or 0.7% to about 3.99 trillion drams, the executive director of the Union of Armenian Banks (UBA) Seyran Sargsyan told a press conference today.<\/p>\n\n\n\n

He said compared to the first quarter of this year, the lending decreased by 3.1% or 127 billion drams. “The 2020-21 portfolio reduction has not yet fully recovered,” Sargsyan added.<\/p>\n\n\n\n

According to him, the share of consumer loans in the total portfolio stood at 23% at the end of June, 2022; that of mortgages \u2013 at 20%, the share of lending to industry was 14%, to trade – 13%, to construction sector – 9%, to services – 7% and to agriculture – 6%.<\/p>\n\n\n\n

Also, the share of loans provided to the financial sector was 7%, to transport and communication – 3% and to other sectors – 4%.<\/p>\n\n\n\n

However, as Sargsyan noted, in the first half of the year, not all areas saw a rise in lending. “For example, the lending to  transport and communications sectors decreased by 20.3%, to services sector by 8.9%, to industry by 2.2% and to trade by 2%.<\/p>\n\n\n\n

At the same time, according to him, 0.4% growth was registered in consumer loans, 1.6% in agriculture, 4.2% in construction, 10.3% in mortgage lending and 13.5% in loans provided to financial organziations.<\/p>\n\n\n\n

Sargsyan said that 44.2% of the loan portfolio is made up of loans to individuals (about 1.82 trillion drams), while 44.4% are loans to the economy (about 1.83 trillion drams).<\/p>\n\n\n\n

Also, 60% of the loan portfolio are loans issued in Armenian currency and 40% are loans issued in foreign currency.<\/p>\n\n\n\n

“We are witnessing a considerable growth in loans provided in Armenian drams due to its dramatic revaluation,” he said.<\/p>\n\n\n\n

According to the Union of Banks of Armenia,  the total capital of all 17 comemrical banks in Armenia amounted to 1.14 trillion drams in the first half of 2022 (23% growth), assets \u2013 to 7.24 trillion drams (2.74% growth), lending to  3.99 trillion drams (0.7% growth), and deposits to  about 4.1 trillion drams (1.2% growth). ($1 – 404.94 drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"

In the first half of 2022, the loan portfolio of 17 Armenia-based banks increased by 28 billion drams or 0.7% to about 3.99 trillion drams, the executive director of the Union of Armenian Banks (UBA) Seyran Sargsyan told a press conference today.<\/p>\n","protected":false},"author":1,"featured_media":157118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[1756],"class_list":{"0":"post-250501","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-1756"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250501","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=250501"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157118"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}