Monday, May 3 2010 19:21
In Q1 2010 credit portfolio of Armenia's credit companies grew by 9.1% to $177.6mln
ArmInfo. In Q1 2010 the credit portfolio of Armenia's credit companies grew by 9.1% to 71.7bln AMD ($177.6mln) or 83.8% of their assets.
The press service of the Central Bank of Armenia reports that the crediting of construction grew by 22% to 6.3bln AMD ($15.7mln), agriculture - by 15% to 11.7bln AMD ($39.3mln), financial sector - by 14.5% to 18.7bln AMD ($46.8mln). Mortgage crediting grew by 11.3% to 8.4bln AMD ($20.9mln). The crediting of trade grew by 5.7% to 9.6 bln AMD ($23.9mln).
The crediting of industry grew by 1.8% to 3.4bln AMD ($8.5mln), transport and communication declined by 16.3% to 2.3bln AMD ($5.7mln). Consumer lending dropped by 2.8% to 4.1bln AMD ($10.3mln). Receivables grew by 13.1% to 76.6bln AMD ($191.2mln).
In the structure of the credit portfolio the share of prime loans made up by 95.6% or 73.2bln ($182.7mln), supervised credits - 2.8% or 2.2bln AMD ($5.4mln), nonprime loans - 1% or 732.3mln AMD ($1.8mln), dubious loans - 0.6% or 493.2mln AMD.
Apr 1 2010 there were 28 credit organizations with 56 branches in Armenia.
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