Five Armenian banks account for more than half of mortgage lending

YEREVAN, November 10. /ARKA/. Armenian commercial banks provide mortgage loans to the population both from their own funds and as part of government-financed programs. According to the quarterly reports of the banks, the amount of mortgage loans provided by the banks in the first 9 months of 2017 amounted to 199.4 billion drams.

The five leading banks in terms of mortgage portfolios are Ardshinbank, Converse Bank, Ameriabank, Araratbank and HSBC Bank Armenia, which account for 53.2% or 106.2 billion drams of the total mortgage lending.

Ardshinbank’s mortgage portfolio in the reporting period amounted to 28.8 billion drams, an increase of 21.5% compared to the beginning of the year. The mortgage portfolio of Converse Bank stood at 26 billion drams, an increase of 25.6%.

Ameriabank’s mortgage portfolio increased by 14.3% to 22.3 billion drams. Araratbank’s mortgage lending declined by 1.89% to 15.5 billion drams and HSBC Bank Armenia’s mortgage portfolio at the end of the third quarter stood at 13.3 billion drams, down 11.3%.

As follows from the latest data of the Central Bank of Armenia, average mortgage rates in Armenian drams at the end of August were 11.8%, and 10.8% in US dollars.

The ranking of the banks by size of mortgage portfolios was prepared by Arka news agency based on its quarterly bulletin ‘Banks of Armenia’. To obtain this product one should contact the agency’s marketing department (е-mail: [email protected]). -0-

spot_img

POPULAR

In February, commercial bank deposits in Armenia decreased by 0.2%, while lending expanded by 0.9% — World Bank

In February 2026, commercial bank deposits in Armenia decreased by 0.2% (MoM), while lending grew by 0.9% (MoM), according to the World Bank's "Armenia Monthly Economic Update – April 2026."

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 13–19)

The week in the Armenian financial market was influenced by updated assessments from international financial institutions, monetary policy signals, and the continued stability of the foreign exchange market.

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Euro slashes against  Armenian dram

As of April 23, 2026, the average exchange rate for the US dollar to the Armenian dram, established in the Armenian foreign exchange market, has fallen by 0.55 points from April 22, now standing at 371.83 drams.

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

LATEST NEWS

spot_imgspot_imgspot_img