Friday, December 21 2012 19:45

Summary loan book of Armenian credit companies up 43.8% to 365 mln USD over year


ArmInfo. In October 2012 the summary loan book of the Armenian credit companies totaled 147.9 bln AMD ($364.9 mln), having grown by 2.4% versus Sept 2012 and by 43.8% versus Oct 2011. Most of the loans were in terms on AMD - 68.2%, or 100.2 bln AMD ($247.3 mln). The leading spheres in the loan book were the financial sector (30%), agriculture (about 18%) and trade sector (about 13%).

The preliminary data of the Armenian Central Bank say that the share of the financial sector in the loan book of credit companies totaled 44.3 bln AMD ($109.2 mln), 81% of which or 37.7 bln AMD ($92.9 mln) being loans in terms of AMD. As compared to Oct 2011, investments in the financial sector grew by 35.5%, and as compared to September 2012 - by 4.7%.

The share of agriculture in the loan book amounted to 26 bln AMD ($64.1 mln), with 36.8% growth versus Oct 2011, and 0.4% growth versus Sept 2012. 86.9%, or 22.6 bln AMD ($55.7 mln) were loans in terms of AMD.

The loans provided to the trade sector amounted to 18.6 bln AMD ($45.9 mln), with 35.8% growth versus Oct 2011 and 0.5% growth versus Sept 2012. Here foreign exchange loans prevail over the AMD ones(10.9 bln AMD ($26.9 mln) and 7.7 bln AMD ($19 mln) respectively).

The share of mortgages grew by 1.2% versus Sept 2012 and 36.9% versus Oct 2011, having amounted to 16.7 bln AMD ($41.2 mln) by 1 November 2012. 62.3%, or 10.4 bln AMD ($25.6 mln) were AMD loans.

Consumer loans totaled 13.4 bln AMD ($33 mln, mostly in terms of AMD), with 5.5% growth versus Sept 2012, and 86.1% growth versus Oct 2011.

Loans provided to the processing sphere grew by 8.7% versus Sept 2012, and 58.2% versus Oct 2011, having amounted to 8.7 bln AMD ($21.4 mln) by 1 Nov 2012. In their structure the share of AMD loans made up 69%, or 6 bln AMD ($14.8 mln).

The loans provided to the construction sector totaled 5.7 bln AMD ($14 mln), with 90% growth versus Oct 2011 and no essential changes versus Sept 2012. The share of foreign exchange loans made up 78.9%.

According to the CBA, as of 1 Nov 2012, there were 32 credit companies in Armenia (against 31 companies as compared with the same period of 2011).
POST A COMMENT
Input digits     


News
Converse Bank Successfully Completes Globbing Bond PlacementConverse Bank Successfully Completes Globbing Bond Placement
Experts expect the ruble to weaken in 2026Experts expect the ruble to weaken in 2026
Mercedes-Benz sales fell 9.2% last yearMercedes-Benz sales fell 9.2% last year
Agrotech enters Armenian corporate bond market with AMD 600M issuanceAgrotech enters Armenian corporate bond market with AMD 600M issuance
Armenia`s  Tourism Committee summarizes results of 2025Armenia`s  Tourism Committee summarizes results of 2025
Armenian inflation hits 3.3% in 2025: Sharp rise in  food and service  costsArmenian inflation hits 3.3% in 2025: Sharp rise in  food and service  costs
Armenia ranks 37th out of 101 countries in World Bank`s new Business  Ready (B-Ready) rankingArmenia ranks 37th out of 101 countries in World Bank`s new Business  Ready (B-Ready) ranking
Armenia`s economic activity hits 8.3% in January-November 2025Armenia`s economic activity hits 8.3% in January-November 2025
Armenian Minister of Economy presents economic dividends of peace  process with AzerbaijanArmenian Minister of Economy presents economic dividends of peace  process with Azerbaijan
Eurasian Economic Commission Council sets customs duty rates for  goods in foreign electronic tradeEurasian Economic Commission Council sets customs duty rates for  goods in foreign electronic trade
Armenian expert`s questions concerning TRIPP Route implementation Armenian expert`s questions concerning TRIPP Route implementation 
CIS Electric Power Council developing draft strategy for development  of CIS fuel and energy complex through 2050CIS Electric Power Council developing draft strategy for development  of CIS fuel and energy complex through 2050
Narek Karapetyan on expenses of RA Premier`s staff Narek Karapetyan on expenses of RA Premier`s staff 
Eighteen investment programs worth a total of $1 billion being  implemented in Armenia`s capitalEighteen investment programs worth a total of $1 billion being  implemented in Armenia`s capital
South Caucasus Railway served 510,000 passengers last year South Caucasus Railway served 510,000 passengers last year 
Azerbaijan sent its third batch of fuel to ArmeniaAzerbaijan sent its third batch of fuel to Armenia
Georgia`s tangerine exports plummeted by 54%Georgia`s tangerine exports plummeted by 54%
Armenia`s share in the South Caucasus` trade turnover amounted to 22.1%Armenia`s share in the South Caucasus` trade turnover amounted to 22.1%
Oil prices are risingOil prices are rising
Florida is building a highway that will charge electric vehicles on the moveFlorida is building a highway that will charge electric vehicles on the move
USD transactions more active than RUB ones in Armenia`s interbank  curency market Jan 5 to 9, 2026USD transactions more active than RUB ones in Armenia`s interbank  curency market Jan 5 to 9, 2026
The Central Bank of Armenia has introduced ASDA standardsThe Central Bank of Armenia has introduced ASDA standards
RA Ministry of Education and Science to assist training of personnel  for light industryRA Ministry of Education and Science to assist training of personnel  for light industry
Armenia`s minister of labor on measures to stimulate employment Armenia`s minister of labor on measures to stimulate employment 
Goldman Sachs reiterates its 2026 forecast of $4,900 per ounceGoldman Sachs reiterates its 2026 forecast of $4,900 per ounce
 Former ENA Director General questions PSRC financial forecasts for  ANPP Former ENA Director General questions PSRC financial forecasts for  ANPP
RA SRC  releases  list of electric vehicles eligible for duty  reimbursementRA SRC  releases  list of electric vehicles eligible for duty  reimbursement
57% of eligible citizens now using cashback system - Minister of  Labor and Social Affairs57% of eligible citizens now using cashback system - Minister of  Labor and Social Affairs
Central Bank of Armenia: ISDA trademark protection extended to   Republic of ArmeniaCentral Bank of Armenia: ISDA trademark protection extended to   Republic of Armenia
Armenia extends VAT exemption for imported electric vehicles for  another yearArmenia extends VAT exemption for imported electric vehicles for  another year
New shipment of Russian grain reaches Armenia via Azerbaijan -  PapoyanNew shipment of Russian grain reaches Armenia via Azerbaijan -  Papoyan
Political Scientist: Yerevan sacrificing  economic interests for   western loyalty Political Scientist: Yerevan sacrificing  economic interests for   western loyalty 
December 2025 Securities Market Data at the Armenia Stock ExchangeDecember 2025 Securities Market Data at the Armenia Stock Exchange
Strategic competition is growing between the US and ChinaStrategic competition is growing between the US and China
More tourists in Armenia last year as compared with 2024 More tourists in Armenia last year as compared with 2024 
Telegram suffered a $500 million bond freeze in Russia due to Western sanctionsTelegram suffered a $500 million bond freeze in Russia due to Western sanctions
Copper Prices to Continue Rising in 2026Copper Prices to Continue Rising in 2026
Trump is developing a large-scale plan to control Venezuelan oilTrump is developing a large-scale plan to control Venezuelan oil
Analysts predict a growth trend for the Chinese stock market in 2026Analysts predict a growth trend for the Chinese stock market in 2026
RBC: Jim Rogers sold all his US shares and invested in UzbekistanRBC: Jim Rogers sold all his US shares and invested in Uzbekistan
Even AMD 20,000-rise in pensions would not resolve pensioners`  problems - premier Even AMD 20,000-rise in pensions would not resolve pensioners`  problems - premier 
Armenia and Azerbaijan exploring mutual trade opportunitiesArmenia and Azerbaijan exploring mutual trade opportunities
216,000 less Russians visit Armenia in 2025216,000 less Russians visit Armenia in 2025
Armenia to spend about $169mln on tourism development until 2030Armenia to spend about $169mln on tourism development until 2030
One more consignment of Azerbaijani petrol to arrive in Armenia soon  - minister One more consignment of Azerbaijani petrol to arrive in Armenia soon  - minister 
Share of goods declarations issued under `Green Corridor` procedure  increased by 16.6 percentage pointsShare of goods declarations issued under `Green Corridor` procedure  increased by 16.6 percentage points
Government return to 636 citizens funds paid in customs duties for  import of electric vehicles - minister Government return to 636 citizens funds paid in customs duties for  import of electric vehicles - minister 
Armenia`s Cabinet approves Doctrine of Economic and Institutional  Transformation of ArmeniaArmenia`s Cabinet approves Doctrine of Economic and Institutional  Transformation of Armenia
Armenia collected approximately AMD 5bln in taxes in 2025Armenia collected approximately AMD 5bln in taxes in 2025
Cashback for pensioners and beneficiaries may increase from 20% to  22%Cashback for pensioners and beneficiaries may increase from 20% to  22%
Electronic employment contracts take effect from Jan 1, 2026Electronic employment contracts take effect from Jan 1, 2026
AraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan CanalAraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan Canal
Growth of economic activity in Armenia is due to unstable factors -  Luys Foundation Growth of economic activity in Armenia is due to unstable factors -  Luys Foundation 
New Education Platforms through Cooperation between AraratBank and Aren Mehrabyan FoundationNew Education Platforms through Cooperation between AraratBank and Aren Mehrabyan Foundation
RA CB forecasts GDP growth of 6.3-4.1% in 2026RA CB forecasts GDP growth of 6.3-4.1% in 2026
RA State Revcnue Committee is supporting businesses in properly  organizing their operation - premier RA State Revcnue Committee is supporting businesses in properly  organizing their operation - premier 
Armenian economy minister on country`s export and import plans with  Azerbaijan Armenian economy minister on country`s export and import plans with  Azerbaijan 
2% cashback for all ArCa cardholders not to apply to cashless  purchases from foreign businesses, says Deputy Finance Minister2% cashback for all ArCa cardholders not to apply to cashless  purchases from foreign businesses, says Deputy Finance Minister
Armenia has for many years been importing oil products from Turkiye -  expert Armenia has for many years been importing oil products from Turkiye -  expert 
RA health minister ready for joint programs with EAEU partners RA health minister ready for joint programs with EAEU partners 
Read more
Exchange rates
12.01.2026
RUB4.840.03
USD381.15-0.06
EUR445.371.45
GBP513.332.20
CAD274.68-0.16
JPY24.15-0.03
CNY54.660.06
CHF478.171.54


Experts
Armenia has for many years been importing oil products from Turkiye -  expert Armenia has for many years been importing oil products from Turkiye -  expert 
Mining remains a social pillar of Armenia`s regions - studyMining remains a social pillar of Armenia`s regions - study
Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028
Read more

Commented
ATI.SU: Demand for international cargo transportation 30% up in  ArmeniaATI.SU: Demand for international cargo transportation 30% up in  Armenia
Civil Contract nominates Armen Ktoyan for  Central Bank Board Member  positionCivil Contract nominates Armen Ktoyan for  Central Bank Board Member  position
Armenia, France considering prospects for expanding technological  cooperation  Armenia, France considering prospects for expanding technological  cooperation  

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2