Armenian banks’ investments in loans grew 21% to 1,517.3bln drams in 2012

22.01.2013 14:11
Armenian banks’ investments in loans grew 21% to 1,517.3bln drams in 2012

YEREVAN, January 22. /ARKA/. Loan investments by Armenia’s commercial banks grew by 21% over 2012 to 1,517.3bln drams as of the end of December, 2012, reads the finance and economic bulletin prepared by ARKA Agency for Q4, 2012.

According to the information, AKBA-CREDIT AGRICOLE BANK was the leader in investments in loans in the fourth quarter. The bank’s investments in loans grew by 9% to 159.4bln drams by the end of 2012, as compared to the beginning of the year.

The second is Bank VTB (Armenia) with 157.6bln drams (33.4% increase) followed by Ameriabank with about 146.2bln drams (increase of 7.13%), Ardshininvestbank with about 132bln drams (44.32% growth) and HSBC Bank Armenia with 129.8bln drams (20% increase).

There were 21 commercial banks registered in Armenia as of the end of December, 2012. ($1=406.84drams).–0--


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