Tuesday, February 5 2013 22:06

Armenian banks prefer to lend money to trade and processing industry


ArmInfo. In 2012 73.5% of the Armenian banks' loans or 1.175tln AMD were given to the economy - 21.6% more than a year before - with preference given to trade (321bln AMD, 16.4% growth) and the processing industry (166bln AMD, 9.6% growth).

The power and gas supply sector received 109.7bln AMD (41% more than in 2011), agriculture 101.4bln AMD (25.6% more), construction 100bln AMD (4.2% growth), mining 84.2bln AMD (threefold growth), the financial sector 81.9bln AMD (14.8% growth).

8% of all loans were mortgage loans or 127.4bln. 18.5% were consumer loans or 295.5bln AMD, with 15.5% and 36% respective annual growths.
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