Friday, March 19 2010 18:06

Lending by banks up 57.1% Jan-Feb 2010 in Armenia


ArmInfo. Lending by Armenian commercial banks for Jan-Feb 2010 as compared to the same period of 2009 grew 57.1% to 89 billion drams.

ACRA Credit Bureau told ArmInfo the commercial banks provided 111109 loans for Jan-Feb 2010 which was 20.2% higher than a year ago.

The source reported that ACRA Credit Bureau has databank on 2.7 million redeemed and 649,000 current loans as well as nearly 943,5 credit histories (including 18,2 thousand histories of legal entities and 925,3 natural persons).

As of March 1 2010, there were 22 commercial banks.
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