Armenian commercial banks’ credit investments in residential economy grow 3.9% to AMD 1585.9 billion

07.10.2013 20:09
Armenian commercial banks’ credit investments in residential economy grow 3.9% to AMD 1585.9 billion

YEREVAN, October 7. /ARKA/. Armenian commercial banks’ aggregate portfolio of loans extended to residents has grown 3.9% since the beginning of this year to AMD 1585.9 billion in late August.

According to the information posted on the central bank’s official website, loans extended to residents in drams totaled over AMD 575.3 billion in August after growing 6.7% since January, and loans to residents in foreign currencies grew 2.4% to more than AMD 1010.5 billion.

According to the source, lending to industry dominated banks’ aggregate loan portfolio in August – its share is 21.6% here. Banks’ outstanding loans to industrial enterprises totaled about AMD 344.1 billion in August showing 9.7% decline, compared with January.

Consumer and trade lending dominated bank’s loan portfolio as well – each of them had 21-percent share here in August. Consumer lending amounted to AMD 334.5 billion in August showing 11.3% growth, compared with January, and trade lending amounted to AMD 334.3 billion – 11.3% and 5% growth respectively.

Banks’ mortgage loan portfolio grew 11.4% to AMD 136.7 billion and their lending to agriculture grew 12.39% to AMD 103.5 billion.

Instead, lending to construction fell 0.83% to AMD 99.4 billion.

Lending to the services sector grew 5.6% to AMD 89.6 billion, to transport and communication services 4.9% to AMD 41.1 billion and to other segments of the national economy 23.69% to AMD 102.3 billion.

Twenty one commercial banks functioned in Armenia in August 2013. ($1 – AMD 405.29). ----0----


Tags:

Partners news
Loading...

Related Posts