YEREVAN, August 25. / ARKA /. Lending to private enterprises by Armenian banks in the second quarter of 2014 increased by 9.9% when compared to the same time span of 2013, amounting to over one trillion drams, according to ARKA news agency’s bulletin "Banks of Armenia" for the second quarter of 2014.

The leading bank by size of lending to private businesses was Ameriabank that accounted for 14.5% of the total lending to private enterprises by 21 Armenia-based banks. Some 82 percent of the bank’s aggregate credit portfolio or 153.2 billion were channeled into financing private enterprises.

Other leading banks in terms of lending to private companies were HSBC Bank Armenia (136.3 billion drams), VTB Bank Armenia, (122.7 billion drams) Ardshiinvestbank (105.1 billion drams) and ArmBusinessBank (about 103 billion. drams).

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Tags: Banks, lending, PRIVATE ENTERPRISES

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Lending to private enterprises made by Armenian banks climbed 42.5 % to nearly 774 billion drams at end-2011 from the same period of a year earlier, according to the banks’ fourth-quarter interim financial statements.

Categories: Banks @en, General news, News | Comments Off on Armenian banks’ private enterprises lending rises 42.5% to AMD 774 bln at end-2011

Tags: Armenia, Banks, PRIVATE ENTERPRISES

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