Friday, March 29 2013 18:22
Foreign debt of Armenian financial sector totals $2.6 bln for 2012
ArmInfo. The Financial sector of Armenia received $2.6 bln direct and portfolio investments and loans, including $31 million foreign direct investments (FDI).
By data of the National Statistical Service of Armenia, Russia was the leader in terms of investments - $788.9mln (including $2.3 mln FDI) or 30% of total foreign investments. International organizations are on the second position with $199 mln (including $775.4 thousand FDI) or 7.5% of total. Then goes Germany with $164 million ($2.5 million FDI) or 6.2% of total. Latvia is the fourth with $97 million or 3.65% of total. Top five leaders comprise also Great Britain with $47.8 million (including $13.6 million FDI). The Netherlands invested $41.6 million (including $4.3 FDI) or 1.6% of total.
The financial sector of Armenia received $39.3 million from Luxembourg, $12 from Lebanon (including $580,000 FDI), $5.8 million from Liechtenstein (total FDI). Top ten leaders in terms of investments comprise also Switzerland with $4.6 million. Then goes Austria with $2.5 million, Cayman Islands with $2 million, Iran with $1.5 million, Cyprus with $504.3 thousand, Belgium with$496.5thouand, Canada with $305,000, and Virgin Islands with $292.2 thousand (total FDI).
The least amount of investments was received from Panama - $81.7 thousand.
Over 14 international programs are implemented via the banking system of Armenia. The statutory funds of commercial banks include Russian, Ukrainian, Kazakh, American, French, German, British, Austrian, Swiss, Argentinean, Lebanese, Iranian capitals and funds from the European Bank and IFC.
The statutory funds of credit companies include Latvian, American, British, French and Russian capitals. As of Jan 1 2013 there were 21 operating commercial banks and 32 loan companies in Armenia (including 28 universal credit companies, 3 leasing companies and a credit union).
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