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Mortgage lending breaks record. portfolio loans of Armenian banks surge by 14.4 percent in July

23.08.2019 18:59

Mortgage lending breaks record. portfolio loans of Armenian banks surge by 14.4 percent in July

YEREVAN, August 23. /ARKA/. The loan portfolios of Armenian commercial banks grew by 14.4% in 2019 July as opposed to 2018 July, the head of the Union of Banks of Armenia and CEO of Ameriabank Artak Hanesyan told reporters today. He added that he does not share the opinion that the expectations of Armenian banks from the economy and lending rate were low.

"We are optimistic about economic growth and were not mistaken in our estimates, which is reflected in the growth rates in various sectors, as well as in the growing interest of customers in various banking services," Hanesyan said.

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