YEREVAN, February 21, /ARKA/. Individual borrowers accounted for 31 percent in the overall outstanding loan portfolio of Armenian commercial banks as of December 31, 2011 that stood at 1.206.1 billion drams.

According to their provisional reports for the fourth quarter of 2011, some 390.5 billion drams of that sum were outstanding individual loans, up from 356 billion drams at the beginning of the fourth quarter.

According to an ARKA analysis, the leading bank in terms of loans provided to individual borrowers in the 4^th quarter was ACBA CREDIT AGRICOLE BANK that accounted for 18.1% of all individual loans. Some 48.36% of its loans or 70.5 billion drams were loans to individuals which rose form 67.4 billion drams at the beginning of the quarter. Other leaders were Bank VTB (Armenia) – over 49.3 billion drams, Ardshininvestbank –about 30.4 billion drams, Conversebank -27.5 billion drams, and Unibank -27.2 billion drams. There are 21 banks in Armenia which operate 437 branches. ($1 – 388.99 drams). -0-