Monday, February 27 2012 19:47
In 2011 BTA Bank increased lending to economy by 63%
ArmInfo. In 2011 BTA Bank increased lending to economy by 63%. Having considerably reduced the portfolio of consumer loans, the Bank maximally diversified its credit portfolio, hereby ruling out concentration of risks. In particular, the Bank became very active in lending to small and medium enterprises in 2011 (almost 66% growth of provision of crediting), to transport and communication (61% growth), trade sector (almost 30% growth), public catering and services (18% growth). Thanks to this, BTA Bank increased its credit portfolio by 13.2% in 2011, and by 11.8% over Q4 2011 to 4.8 bln AMD ($12.6 mln), or about 52% of the assets. As a result, the assets of the bank rose by 14% in 2011, and by almost 10% over Q4 2011 to 9.4 bln AMD ($24.4 mln).
According to the Ranking of Commercial Banks of Armenia by the Agency of Rating Marketing Information (ArmInfo), in the structure of the credit portfolio of BTA Bank the share of lending to the industrial sector grew from 1.3% to 2.2% in 2011, to transport and communication - from 3.1% to 3.4%, to public catering and services - from 1.9% to 2%, to small and medium enterprises - from 7% to 8.2%, and the share of lending to the trade sector made up 12.4%. Lending to construction has been zeroed out since 2011. It should be noted that amid reduction of the consumer loans in the total portfolio from 79% to 50%, the Bank managed to decrease the volume of overdue loans by 22% over 2011, at the same time increasing the volume of standard loans in the real sector by 31%.
In 2011 BTA Bank increased its liabilities by 30%, and over Q4 2011 - by 26% to 3.9 bln AMD ($10.2 mln). In the structure of liabilities, the time deposits of individuals experienced almost twofold y-o-y growth. As a result, the portfolio of time deposits grew by 33% over 2011, and by 20% over Q4 2011. To note, as of 1 January 2012, BTA Bank (Armenia) had 7 branches, 6 of them in Yerevan.
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