Tuesday, February 12 2013 15:42
Scientific activity sphere is the leader in the quarter growth of credit portfolio of Armenian banks, and the trade sector - by volume
Arminfo. In the credit portfolio of Armenian banks the scientific activity sphere grew most of all in the 4Q 2012 versus 3Q 2012, and trade sector had the biggest volume. In particular, the crediting volumes of scientific activity sphere grew by 28,3% for the 4Q 2012 up to 5.1 bln drams, whereas 321 bln drams ($795,4 mln) were directed to the trade sector, which was by 0,3% less than in the 3Q 2012.
According to Armenia's Central Bank, the mining industry sphere was the second in the quarter growth, it grew by 19,4% up to 84.2 bln drams ($208.6 mln.), and consumer credits were the second by the volume - 295.5 bln drams ($732.2 mln), growth by 8,6% versus the 3Q 2012. The healthcare sphere was the third by the quarter growth, it grew by 16% up to 7 bln drams ($17.3 mln.), and the processing industry - by the volume - 166.2 bln drams ($411.8 mln), by 3,6% more than for the 3Q 2012.
The banks directed credits for 100.1 bln drams in the building sector for the 4Q 2012 ($248 mln) which was by 3.1% less than for the 3Q 2012. As for the volumes of mortgage crediting, they amounted to 127.4 bln drams ($315.7 mln), by 3,3% versus 3Q 2012. The banks directed 109.7 bln drams ($271.8 mln) to the energy sector, which is by 12,8% more than in the 3Q 2012, as for crediting of agriculture, they grew by 3,8% up to 101.4 bln drams ($251.3 mln).
Armenian banks reduced crediting volumes of the information and communication sphere most of all for the 4Q 2012 - by 18% to 8,4 bln drams ($20.8 mln). The aggregate credit portfolio of the banks grew by 4,7% up to 1.6 trillion drams for the 4Q ($3.96 bln.) or 64,6% out of assets.
Active consumer lending causes double-digit growth in bad loans 
Luys Foundation: Armenian government continues to face challenges in budget planning
Armenia`s brandy and winemaking industry in crisis - economist 
Even at embryonic stage, powerful impetus given to economic activity in energy sector - ENA acting manager 
Armenian NA OKs ENA nationalization 
China preparing to open new chapter of One Belt, One Road initiative with involvement of Armenia - diplomat 
The Merger between "Ardshinbank" CJSC and "Ardshininvestbank" CJSC Has Been Completed
Ticket packets 1.2% of total number of transport tickets in Yerevan