18.08.2015 19:23
YEREVAN, August 18. / ARKA /. In the first half of 2015 Armenian commercial banks appear to have cut their credit investments by 4.5%, which stood at 2.069 trillion drams in late June, according to ARKA news agency’s financial and economic bulletin "Banks of Armenia" which shows the performance of Armenian banks for the second quarter of 2015.
Out of 21 commercial banks operating in the country 17 banks cut on their lending, the bulletin says. According to quarterly data, Ameriabank was the leading bank by size of credit investments, which stood at 267 billion, a decrease of 11% when compared to the beginning of the year.
It was followed by Ardshinbank with credit investments worth 236.9 billion drams, an increase of 7.78% compared with the beginning of the year. VTB Bank (Armenia) was third with 204.7 billion drams of credit investment, a drop of 12.55%.
Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian banks’ credit investments drop by 4.5% in first half to 2.069 trillion drams
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