{"id":250801,"date":"2023-03-07T15:24:46","date_gmt":"2023-03-07T15:24:46","guid":{"rendered":"https:\/\/armbanks.am\/2023\/03\/07\/250801\/"},"modified":"2023-03-07T15:24:46","modified_gmt":"2023-03-07T15:24:46","slug":"armenian-banks-lending-in-2022-grew-by-6-1-from-2021-to-about-amd-4-2-trillion","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/03\/07\/250801\/","title":{"rendered":"Armenian banks&#8217; lending in\u00a0\u00a02022 grew by 6.1% from 2021 to about AMD 4.2 trillion"},"content":{"rendered":"\n<p><strong>YEREVAN, March 7. \/ARKA\/. <\/strong>Armenia-based 18 commercial banks&#8217; credit portfolio in 2022\u00a0grew\u00a0by 241 billion drams or 6.1% to about 4.2 trillion drams, the Union of Banks of Armenia said.<\/p>\n\n\n\n<p>Compared to the third quarter of 2022, the credit portfolio increased by 3.5% or 144 billion&nbsp;drams.<\/p>\n\n\n\n<p>Loans in drams made 64% of the loan portfolio, while loans in foreign currency&nbsp;&#8211;&nbsp;36%.<\/p>\n\n\n\n<p>The lending to economy constituted 42%&nbsp;of the total&nbsp;(over 1.8 trillion&nbsp;drams), loans to individuals &#8211; 47% (over 2 trillion&nbsp;drams), and loans and&nbsp;&nbsp;deposits provided to&nbsp;&nbsp;other financial institutions &#8211; 11% (499 billion&nbsp;drams).<\/p>\n\n\n\n<p>Some 23.6% of the credit portfolio were consumer loans (895.5 bln&nbsp;drams), 22.4%&nbsp;&nbsp;were mortgage (849.4 bln&nbsp;drams), 13.6% &#8211; were loans provided to industry (515 bln&nbsp;drams), 12.4% &#8211; were trade loans (469.7 bln), 9.8%&nbsp;&nbsp;were loans provided to financial sector ( 372.3bln), 9.2% were&nbsp;&nbsp;loans provided to construction&nbsp;&nbsp;sector (349.6 bln. drams), 6,6% were loans provided to services sector-&nbsp;&nbsp;(294.5 bln. drams)&nbsp;and&nbsp;&nbsp;6%&nbsp;&nbsp;were loans to agriculture (226.3 bln drams).<\/p>\n\n\n\n<p>In 2022 the consumer lending increased&nbsp;&nbsp;by 8.6%, mortgages by 29.7%, lending to financial sector by 78.1%, to the construction sector by 10.9% and to agriculture by 6.7%.<\/p>\n\n\n\n<p>Lending to industrial enterprises declined 1.4%, to trade by 2.6%, to services by 12.8% and to&nbsp;&nbsp;other segments by 2.8% and to transportation and communications by 30.5%.<\/p>\n\n\n\n<p>Interest rates on bank-issued&nbsp;dram&nbsp;loans amounted to 14.45% in December last&nbsp;&nbsp;year, having increased by 2.27% compared to December 2021. The interest rates on dollar loans (8.63%) increased by 0.21% compared to December 2021. The refinancing rate rose 3% to 10.75% on Dec. 13, compared to Dec. 14, 2021. ($1 &#8211; 388.17 drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia-based 18 commercial banks&#8217; credit portfolio in 2022\u00a0grew\u00a0by 241 billion drams or 6.1% to about 4.2 trillion drams, the Union of Banks of Armenia said<\/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":[],"class_list":{"0":"post-250801","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250801","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=250801"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250801\/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=250801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}