YERERVAN, June 3. /ARKA/. Armenian banks’ aggregate loan portfolio amounts to AMD 1.7 trillion, Andranik Grigoryan, chief of the Armenian central bank’s division in charge of stability and development of financial system, said Monday at a news conference.

He said agricultural loans make up 7% of this amount and total about AMD 115 billion.
Grigoryan said that the hailstorms in two or three provinces in May will have no significant impacts on financial stability of the banking system.

He said that the share of nonperforming loans extended to farmers was only 5% in 2012.

Categories: Banks @en, General news, News | Comments Off on Agricultural loans total AMD 115 billion in Armenian banks’ AMD 1.7-trillion portfolio

Tags: agriculture, Armenia, LOANS

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VTB Bank (Armenia) is planning to start lending to agricultural sector in the second half of 2013, its CEO, Yuri Gusev, told a news conference today

Categories: Banks @en, General news, News, News of the hour | Comments Off on VTB Bank (Armenia) to start lending agriculture from April

Tags: agriculture, Bank VTB (Armenia), MARKET

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Agricultural loans distributed by Armenia’s credit organizations as of February 28 totaled in 32.6 billion drams in February 2013, which was 5.4% higher from January

Categories: General news, Loan organizations, News | Comments Off on Agricultural lending by Armenia’s credit organizations ups 5.4% to AMD 32.6 bln in February

Tags: agriculture, Armenia, CREDIT ORGANIZATIONS

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Armenian credit organizations’ lending to agriculture has grown 2.6% since late December 2012 to about AMD 30.9 billion by late January 2013, the Central Bank of Armenia reports in its monthly review

Categories: General news, Loan organizations, News, News of the hour | Comments Off on Armenian credit organizations’ lending to agriculture grows 2.6% to md 30.9 billion in January 2013

Tags: agriculture, Armenia, Credit

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World Bank experts are looking into introduction of insurance in Armenian agrarian sector, Armenian minister of agriculture Sergo Karapetyan told journalists Wednesday

Categories: General news, Insurance market, News, News of the hour | Comments Off on WB experts study on possible introduction of insurance in Armenian agriculture

Tags: agriculture, Armenia, insurance, World Bank

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Armenian commercial banks lent AMD 95.4 billion to agriculture sector, including forestry and fishery, in November 2012, the Central Bank of Armenia reports

Categories: Banks @en, News, News of the hour | Comments Off on Armenian Commercial Banks lend AMD 95.4 billion to agriculture sector in November

Tags: agriculture, Armenia, Banks

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Lending to agriculture by Armenian banks in the third quarter of 2012 contracted by 10.3 percent from the previous quarter, to about 84.8 billion drams, according to their interim financial statements for the third quarter

Categories: Banks @en, Economy @en, General news, News, News of the hour | Comments Off on Armenian banks lending to agriculture contracts by 10 percent in third quarter

Tags: agriculture, bank @en, Credit, Economy @en

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The European Bank for Reconstruction and Development (EBRD) and Araratbank signed today a $7 million loan agreement for enhancing Armenia’s small and medium

Categories: Banks @en, General news, News, News of the hour | Comments Off on EBRD to provide $7 million loan to Araratbank to enhance agriculture

Tags: agriculture, Araratbank, Armenia

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Armenian banks’ lending to the agricultural sector surged in the first quarter of 2012 by 9.5% to about 80.3 billion drams

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian banks’ agricultural lending grows by 9.5% to 80.3 billion drams

Tags: agriculture, Armenia, bank @en

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In 2011 Armenian banks’ lending to agricultural sector surged by 37.2% from to 2010 to around 73.4 billion drams.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Lending to Armenian agriculture in 2011 surges by 37 percent

Tags: agriculture, Armenia

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