YEREVAN, January 25. /ARKA/. Some 23.4% of all loans provided by Armenian banks to resident customers in 2011 (over 272 billion drams) went to finance trade transactions, according to a statement, posted on the official website of the Central Bank. The figure represents a 4.5% increase from 2010 November.

The second largest portion of lending – 23.3%- went to the industrial sector. In terms of money it amounted to 271 billion drams.

About 18% were allocated as consumer credits (over 206 billion drams), some 9.3% or 108 billion drams were mortgage loans, 7.8% or about 91 billion drams were channeled into the construction sector, 5.9% or 69 billion went to agriculture and 4.7% or 54.3 billion drams were provided to transport and communications sector. ($1 – 387.69 drams). -0-

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HSBC was recognized as “The Best Global Trade Finance Bank” for the forth year in a row by Global Trade Review (GTR) magazine, the bank’s press office told ARKA. It said in GTR’s annual “Leaders in Trade 2011” readers’ poll HSBC also won the “Best Global Export Finance Bank” award, thus becoming the first bank to win both awards in one year.

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Armenian Central Bank governor, Artur Javadyan, described today the country’s financial system as well-established and stable.

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Armenian Finance Ministry does not forecast the second wave of crisis in the country, said Finance Minister Vache Gabrielyan.

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Office of financial ombudsman of Armenia in January-August 2011 compensated its clients about 29 million drams.

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State budget of Armenia in January-July 2011 was fulfilled by 10.5 billion drams which was only 14.6% of the planned deficit of 9 months.

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Armenian finance ministry bought out Wednesday mid-term AMGN60147141treasury coupon government bonds worth AMD 1 billion, the press office of the Central Bank of Armenia reports.

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Meeting of the committee of the Group of Sub-divisions of Financial Investigation “Egmont” is conducted in Yerevan.

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Armenian Ameriabank plans to attract $50 million from international financial organizations this year, Tigran Jrbashyan, development director of the bank, said on Friday.

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On June 15, Armenian Finance Ministry will place AMGN60147141 mid-term state treasury coupon bonds in the amount of 750 million drams.

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