{"id":29699,"date":"2011-11-15T18:02:05","date_gmt":"2011-11-15T18:02:05","guid":{"rendered":"https:\/\/armbanks.am\/2011\/11\/15\/234139\/"},"modified":"2024-12-15T12:53:45","modified_gmt":"2024-12-15T12:53:45","slug":"central-bank-ratio-of-banking-loans-to-gdp-has-risen-by-11-in-armenia-since-2008","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2011\/11\/15\/29699\/","title":{"rendered":"Central Bank: Ratio Of Banking Loans To GDP Has Risen By 11% In Armenia Since 2008"},"content":{"rendered":"<p><strong>YEREVAN, November 15. \/ARKA\/. <\/strong>The ratio of banking loans to GDP has risen by 11% in Armenia since 2008, Arthur Javadyan, chairman of the Central Bank of Armenia, said Tuesday in the National Assembly.<\/p>\n<p>\u201cIn 2008 the ratio of loans to GDP ranged between 16% and 17%, while now it reaches 28% showing a significant increase in lending,\u201d he said.<\/p>\n<p>Javadyan said that the aggregate loan portfolio of Armenian banks totals over AMD 1150 billion now \u2013 this is 30% more than in 2010.<\/p>\n<p>\u201cInterest rates have shed 1.5% or 2% for three years,\u201d he said. \u201cWe are implementing some joint programs with the government to make some types of loans, particularly mortgage and agricultural loans, available.\u201d<br \/>\nBad loans made up 30.72% of Armenian banks\u2019 aggregate loan portfolio in late September.<\/p>\n<p>According to banks\u2019 financial reports, their loan portfolio, including loans extended to clients and other borrowings, amounted to about AMD 1159.1 billion in late September 2011 against AMD 1088.8 billion in early July 2011, and loans extended to individuals totaled AMD 356.1 billion against AMD 342.4 billion.<\/p>\n<p>Twenty one banks with their 425 branches operate in Armenia now. ($1 \u2013 AMD 384.9).-0&#8212;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ratio of banking loans to GDP has risen by 11% in Armenia since 2008, Arthur Javadyan, chairman of the Central Bank of Armenia, said Tuesday in the National Assembly.<\/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":[9214,9216],"tags":[15837,15418,12361,12344,12455,338],"class_list":{"0":"post-29699","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-armenia-2","9":"tag-bank-en-2","10":"tag-cba","11":"tag-gdp","12":"tag-loans","13":"tag-338"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/29699","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=29699"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/29699\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=29699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=29699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=29699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}