Monday, February 27 2012 20:49

Over Jan-Nov 2011 foreign exchange loans in Armenia's total economy lending for residents grew to 60.2%


ArmInfo. In the total volume of lending to the real sector of Armenia for the residents, the share of foreign exchange loans made up 60.2%, having grown by 0.4 pct points over Nov 2011. As compared to the same period of 2010, this index rose by 3.7 pct points. Over Q1 2011 this index grew by 1.9 pct points to 58.5%, over Q2 the index dropped by 0.1 pct points to 58.6%, over Q3 it grew by 1 pct points to 59.4%, and in November vs late September it grew by 0.4 pct points.

The Central Bank of Armenia reported that in 2011 (from January till November inclusively) the share of foreign exchange loans in the total volume of lending to the real sector grew by 3.6 pct points. Reduction of this index in 2011 was fixed in June (from 58.9% to 58.6%) and July (from 58.6% to 58.4%). Gradual growth was fixed from January till May inclusively (from 56.6% till 58.9%), and growth was also observed in August (from 58.4% to 59.4%, with this level being retained in September), as well as in October (from 59.4% to 59.8%) and in November (from 59.8% to 60.2%). The minimal growth was fixed in January, April and May - by 0.2 pct points and the maximal growth was fixed in March - by 1.2 pct points. Over 2011 the maximum share of foreign exchange loans in the total credit portfolio fell on November (60.2%), and the minimum share - on January - 56.8%.

According to the source, by 1 Jan 2012, the banking system provided loans worth 1.3 trillion AMD (33.6% y-o-y growth, 7.7% growth in Q4), almost 1.2 trillion AMD of them - to the residents. In the structure of the loans, about 66% fell on legal entities, which is almost by 40% higher than in 2010. Most of the foreign exchange loans were long-term loans and fell on the industrial sector (food industry, ore mining, production of building materials), energy and trade.

The share of foreign exchange deposits of the residents in the money supply made up 43.1% by 1 Dec 2011, having grown by 0.5 pct points over November, and declined by 0.1 pct points as compared to the same period of 2010. Over Jan-Nov 2011 this index rose by 0.3 pct points. Over Q1 2011 this index was up 2.8 pct points to 45.6%, in Q2 it was down 1 pct point to 44.6%, in Q3 it was down 2.2 pct points to 42.4%, and in November vs late September it was up 0.9 pct points. Grow of this index was fixed in January (from 42.8% to 45.5%), March (from 45.2% to 45.6%, with this level being retained in April), August (from 42.7% to 42.9%), October (from 42.4% to 42.6%) and November (from 42.6% to 43.1%). Decline was registered in February (from 45.5% to 45.2%), May (from 45.6% to 45%), June (from 45% to 44.6%), July (from 44.6% to 42.7%), and September (from 42.9% to 42.4%). The minimum decline was fixed February - by 0.3 pct points, and the maximum decline was fixed in July - by 1.9 pct points. The minimum growth was registered in August and September - by 0.2 pct points, and the maximum growth - in January - by 2.7pct points. Over Jan-Nov 2011 the maximum share of foreign exchange deposits fell on March and April - 45.6% and the minimum share - in September - 42.4%.

In the total portfolio of the residents' deposits, the share of foreign exchange deposits made up 62.1% by 1 Dec 2011, which was by 0.1 pct points higher than in October (2.4% annual decline, 2.2% decline in Jan-Nov). In 2011 growth of this index was fixed in January (from 64.3% to 66.1%), April (from 65.1% to 66%), August (from 62.2% to 62.6%), October (from 61.8% to 62%), and November (from 62% to 62.1%). Decline was observed in February (from 66.1% to 65.3%), March (from 65.3% to 65.1%), May (from 66% to 65.1%), June (from 65.1% to 64.7%), July (from 57.5% to 62.2%), and September (from 59.6% to 61.8%). The minimum decline was fixed in March - by 0.2 pct points, and the maximum decline - in July -by 2.5 pct points. The maximum growth was fixed in January - by 1.8 pct points, and the minimum growth - in November - by 0.1pct points. The maximum share of foreign exchange deposits in the total portfolio of deposits fell on January - 66.1%, and the minimum share - on October - 62%.

The share of the residents' call deposits in foreign exchange in the total portfolio of call deposits made up 57.1% by 1 Dec 2011, having dropped by 0.6 pct points over November (1.6% annual decline, 0.2% decline over Jan-Nov). In 2011 growth of this index was fixed in January (from 57.3% to 59.3%), March (from 58.1% to 59.9%), June (from 57.3% to 57.5%) and August (from 56.2% to 59.6%), and decline was fixed over the rest of the months. The minimum decline was in April and October - by 0.3 pct points and the maximum decline was in May - by 2.3 pct points. Over Jan-Nov 2011 the maximum share of foreign exchange call deposits in the total portfolio of call deposits fell on March - 59.9%, and the minimum share - on July - 56.2%.

In the portfolio of the individual residents' time deposits, the share of foreign exchange time deposits made up 76.4%, having increased by 0.2 pct points over November (3.1% annual decline, 3.2% decline over Jan-Nov). In 2011 growth of this index was fixed in April (from 78.9% to 79.1%) and November (from 76.2% to 76.4%), and decline was observed over the rest of the months (except for October, when the share underwent no changes as compared to September and was retained at 76.2%). The minimum decline was in January - by 0.1 pct points, and the maximum decline was in June - by 0.9 pct points. Over Jan-Nov 2011 the maximum share of foreign exchange time deposits in the total volume of time deposits fell on January - 79.5%, and the minimum share was in September and October - 76.2%.

According to the CBA, by 1 Dec 2011 the banking system attracted a total of 924 bln AMD deposits (2.5% growth over November, 31.5% growth over Jan-Nov). The deposits from residents totaled 730.6 bln AMD: call deposits - 278.7 bln AMD and time deposits - 451.8 bln AMD.
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