Tuesday, August 3 2010 11:41
Major part of loans in Armenian commercial banks' credit portfolio falls on trade - 20,6% or $448 mln
ArmInfo. As of 1 July 2010, in the summary credit portfolio of the Armenian commercial banks the mayor part of loans fell on the sphere of trade - 20,6%, or 165 bln AMD ($448 mln), having increased by 2,3% over Q2 2010. The press service of the Central Bank of Armenia (CBA) told ArmInfo that over Q2 2010 the summary credit portfolio of the commercial banks grew by 1,3% to 800.7 bln AMD ($2.2 bln).
Loans provided to the sphere of industry rank next - 152.1 bln AMD ($414 mln), with the quarterly decline being 0.8%. The third position is held by consumer loans - 143.8 bln AMD ($391.4 mln), with the quarterly growth being 0,8%. The fourth place is held by mortgage loans - 83.5 bln AMD ($227.2 mln), with the quarterly decline being 1,9%. The fifth place is held by loans provided to the construction sector - 58.8 bln AMD ($160 mln), with the quarterly growth being 2,3%.
By the volume of crediting by commercial banks, agriculture holds the 6th position - 48.7 bln AMD ($132.5 mln), with the quarterly growth being 1,3%. Financial sector holds the 7th place - 45.1 bln AMD ($123 mln), with the quarterly decline being 4,9%. The 8th place is held by loans provided to the sphere of transport and communications - 22.2 bln AMD ($60.4 mln), with the quarterly growth being 24,4%.
According to the CBA's data, as of 1 July 2010 there were 21 commercial banks and 393 branches in Armenia.
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