21.10.2011 21:42
YEREVAN, October 21. /ARKA/. Armenia’s banking sector is expected to grow at least by 10% in the coming five years, Ameriabank Development Director Tigran Jrbashyan said Thursday at a news conference.
“This will fuel potential investors’ interest,” he said.
Jrbashyan said that the ratio of lending to GDP is very low in Armenia, just as in other South-Caucasian countries.
However, these countries’ banking sectors are expected to grow fast within five or six years, he said. This growth is believed to outdo twice GDP growth.
“If our GDP grows 4 or 5%, the banking sector may enjoy at least ten-percent growth,” the banker said adding that there is no such an opportunity in the East Europe, since banking sector’s growth is in tune with GDP and real sector here.
According to the information released by the Central Bank of Armenia, the aggregate loan portfolios of the country’s banks made up 27.1% of GDP in 2010.-0---
Read the news first and discuss them in our Telegram
Tags:
2021-10-18 18:06:18 BSTDB: capital adequacy ratio of Armenia’s banking sector as of June 2021 was 17%
2020-07-28 12:14:42 Net profit of Armenia’s banking sector amounts to AMD 40.6 billion in 1st H 2020
2020-05-27 15:29:43 Union of Banks of Armenia: Biggest risk in country’s banking sector is uncertainty amid COVID-19
2020-01-16 14:41:55 Raex-Europe: Armenia’s banking sector remains well-capitalized, with a strong liquidity
2019-11-25 11:51:07 Fitch Ratings: Armenian banking sector is well-capitalised, but profitibality is low
2019-11-06 13:32:58 Capability of Armenia’s banking sector to absorb risks is quite high, central bank
