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).

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian banks’ investments in loans grew 21% to 1,517.3bln drams in 2012

Tags: COMMERCIAL BANKS, Credit, LOANS

Read more

Armenia’s Anelik Bank has distributed student loans to nearly 700 students since 2011, the bank said Friday

Categories: Banks @en, General news, News, News of the hour | Comments Off on Anelik Bank allocated student loans to about 700 students

Tags: Anelik Bank, Credit, Students

Read more

GazPromBank and the Japan Bank for International Cooperation (JBIC) have signed a framework agreement about extension of 500 million to the Russian credit organization in loan, RBC reports citing GazPromBank

Categories: Banks @en, General news, News, News of the hour | Comments Off on GazPromBank to receive $500mln in loan from Japan

Tags: Credit, Gazprombank

Read more

Armenia-based Anelik Bank has announced the launch of a new credit product called “Simple and Fast’. The loan is given under the security of mortgage, the bank told ARKA

Categories: Banks @en, General news, News, News of the hour | Comments Off on Anelik Bank offers ‘simple and fast’ loans via payments cards

Tags: Anelik Bank, Armenia, Credit

Read more

Under the “Affordable dwellings for young families” government project, 975 Armenian families have received mortgage loans worth a total of 7bln 320mln drams so far, Armenian minister of finance Vache Gabrielyan said in the parliament Wednesday

Categories: Economy @en, General news, News, News of the hour | Comments Off on Over 970 loans worth total of 7bln drams extended under “Affordable dwelling for young families” in Armenia

Tags: Armenia, Credit, Mortgage

Read more

The amount of outstanding mortgage loans issued by Armenia-based banks stood at 123.9 billion drams at the end of October

Categories: Banks @en, General news, News, News of the hour | Comments Off on Outstanding mortgage lending by Armenian Banks grow to 124 billion drams

Tags: Armenia, Credit, Mortgage

Read more

The European Bank for Reconstruction and Development (EBRD) has released 5 million euro loan to Armenia to carry on the rehabilitation and upgrade of Yerevan Metro

Categories: Banks @en, General news, News, News of the hour | Comments Off on EBRD provides Armenia with 5 million euro loan to continue rehabilitation of Yerevan metro

Tags: Armenia, Credit, EBRD, metro

Read more

The National Assembly of Armenia ratified today an agreement signed earlier with the European Bank for Reconstruction and Development

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian parliament ratifies loan agreement signed with EBRD to continue re-equipment and reconstruction of Yerevan Metro

Tags: Armenia, Credit, EBRD, metro

Read more

The National Assembly of Armenia ratified on Monday an agreement with the European Investment Bank

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian parliament ratifies 30 million euro loan agreement with European Investment Bank to modernize three border crossings

Tags: Armenia, Credit, EIB, PARLIAMENT

Read more

ACBA-CREDIT AGRICOLE BANK CJSC said Tuesday it is launching a new service “Instalment on the spot.”

Categories: Banks @en, General news, News, News of the hour | Comments Off on ACBA-CREDIT AGRICOLE BANK launches “Installment on the spot’ service

Tags: ACBA-Credit Agricole bank, Armenia, Credit, service

Read more