Thursday, November 8 2012 18:38

In Q3 2012 Armenian banks issued less SME loans than in Q2 2012


ArmInfo. In Q3 2012 Armenia's commercial banks lend SMEs a total of 421.5bln AMD or $1bln – 26.9% of all of their loans and 45.1% more than in Q3 2011. As compared with Q2 2012 the index roped by 1.9%.

According to ArmInfo's Ranking of Commercial Banks of Armenia, Ardshininvestbank registered the biggest quarterly drop – 49.7%, Converse Bank and Byblos Bank Armenia the highest growths – 87% and 99%, respectively.

Most of the international credit programs in Armenia are aimed at supporting SMEs, among them projects by KfW, EBRD, IFC, ADB, BSTDB and WB.
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