Armenian banks lend AMD 746.3 billion to residents in 2009

28.01.2010 17:06
Armenian banks lend AMD 746.3 billion to residents in 2009

YEREVAN, January 28. /ARKA/. Armenian banks lent AMD 746.3 billion to residents in 2009.

The lending has grown 8.2% or by 56.3 billion over the fourth quarter, the Central Bank of Armenia says in its quarterly review of Armenian banks’ activities.

The loans extended by banks to the financial sector grew 32.3% or by AMD 11.6 billion in the 4th Q to AMD 47.4 billion, to industry 26.3% or by AMD 30.6 billon to AMD 147 billion and to construction 10.7% or by AMD 5.2 billion to AMD 54.1 billon.

Consumer loans grew 1.3% or by AMD 1.8 billion in the 4th Q to AMD 136.4 billion, while the loans extended to agriculture sector reduced 2.3% or by AMD 1.05 billion to AMD 44.2 billion.

Mortgage lending grew 0.7% to AMD 84 billion.

The share of industry in banks’ aggregated credit portfolio is 19.7%, trade’s share is 19.5% and consumer lending 18.3%.

According to ARKA News Agency’s data based on banks’ interim financial reports, ACBA-Credit Agricole Bank (AMD 90.1 billion), VTB Bank (Armneia) (AMD 70 billion) and Unibank (AMD 66.6 billion) are three largest creditors among Armenian banks.

Armenia has 22 banks with their 391 branches. ($1 = AMD 377.81). --0--


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