Armenian banks report 6.7% drop in 9 months’ lending
05.11.2021 18:51
YEREVAN, November 5. /ARKA/. The overall lending of 17 Armenia-based commercial banks fell by 6.7% or 279 billion drams in the first 9 months of 2021 to 3.9 trillion drams, Deputy Executive Director of the Union of Banks of Armenia (UBA) Arman Sargsyan said at a press conference on Friday.
He said in the third quarter alone the lending dropped by 0.7% or 26 billion drams. According to him, there are several reasons behind the drop, such as sectoral economy reallocations, forced by the coronavirus pandemic, the war (in Nagorno-Karabakh conflict zone) and the payment holidays provided to borrowers by the banks due to the pandemic.
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Armenia’s annual lending drops by 12% in first half of 2021 to 2 percent –BSTDB
18.10.2021 18:03
Lending rates have increased in Turkey and Armenia, the two countries that began tightening their monetary policies in 2020, while lending growth has slowed significantly, the Black Sea Trade and Development Bank (BSTDB) said in a report
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Armenia-based banks' lending drops by 6% in first half of 2021 to 3.9 trillion drams
05.08.2021 16:41
In the frist half of 2021 Armenia-based banks’ lending decreased by about 253 billion drams or 6% from the first half of 2020 and by 189 billion drams or 4.6% when compared to the first quarter of 2021 to 3.9 trillion drams at the end of June, the Union of Banks of Armenia said today
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EBRD, EU, GCF expand funding for SMEs in Armenia; US$ 10 million to ACBA Bank for green lending to private sector
30.06.2021 15:53
Armenia’s private sector will benefit from new resources for green financing thanks to a US$ 10 million financial package put together by the European Bank for Reconstruction and Development (EBRD) in cooperation with the European Union (EU) and the Green Climate Fund (GCF) to facilitate the private sector’s transition to more sustainable, low-carbon and climate-resilient practices, EBRD said today in a press release
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Mortgage lending in Armenia on the rise, central bank says
16.06.2021 15:59
Consumer lending in Armenia is not booming, but mortgage lending has intensified, Chairman of the Central Bank Martin Galstyan told reporters on Tuesday
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Armenian banks' lending grew by 6.9% y-o-y in first quarter, 2021
19.05.2021 21:38
Armenian banks’ overall lending stood at 4.14 trillion drams in late March 2021, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Wednesday
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Lending by Armenian banks in early 2021 is up 11 percent, central bank says
16.03.2021 19:46
Lending volumes have grown in Armenia in early 2021, Chairman of the Central Bank of Armenia Martin Galstyan said on Tuesday
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Armenian banks' lending in 2019 grows by 10 percent to 3.572 trillion. drams
14.02.2020 18:42
Armenian banks’ lending in 2019 amounted to 3.572 trillion. drams, the executive director of the Union of Banks of Armenia Seyran Sargsyan told reporters on Friday
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Top ten Armenian banks by size of lending in 2019
04.02.2020 18:40
In 2019, the overall loan portfolio of Armenia’s banking sector grew by 16.4% to 3.572.2 trillion drams
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Armenian banks' lending amounts to 3.37 trillion drams
30.10.2019 19:12
The amount of lending provided by Armenian banks in the first 9 months of 2019 grew to 3.37 trillion drams, the chairman of the Union of Banks of Armenia Mher Abrahamyan told reporters on Wednesday
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