YEREVAN, November 13. /ARKA/. Lending to industrial enterprises in Armenian banks’ aggregate outstanding loan portfolio shrank 2.7% in the third quarter, compared with the previous quarter, to AMD 235.4 billion by late September.

According to banks’ quarterly reports, the loans extended to economic entities totaled AMD 1.45 trillion in late September against AMD 1.44 trillion in late June.

ARKA News Agency’s analysis shows that the largest industry lender in the third quarter was Areximbank – Gazprombank Group, whose share in Armenian banks’ aggregate portfolio of outstanding loans extended to industrial enterprises was 15.8%.

Lending to industry made up more than 42.1% of the bank’s outstanding loan portfolio and amounted to over AMD 37.2 billion by the end of third quarter against the previous quarter’s AMD 37.7 billion.

ACBA-CREDIT AGRICOLE BANK, with its about AMD 31.1 billion lent to industrial companies and 19.7%, came second in ARKA News Agency’s third quarter ranking.

HSBC Bank Armenia, with about AMD 28.2 billion and 21.3%, and Armbusinessbank, with about AMD 22.6 billion and 18.9%, were ranked third and fourth respectively.

Twenty one commercial banks with their 458 branches function in Armenia now. ($1 – AMD 409.5). --0----