Tuesday, July 9 2013 15:55

Aggregate loan book of Armenia's credit companies up 1.7% over May 2013


ArmInfo. As of 1 June 2013, the aggregate loan book of Armenia's credit companies totaled 173 bln AMD (up 1.7% in May 2013, up 29.6% versus May 2012). AMD loans made up the biggest share in the loan book - 69%.

The Central Bank of Armenia says that the credit companies' loan book grew mostly due to economy lending, which amounted to 139 bln AMD, or 80% (up 1.8% over May 2013, up 28.9% versus May 2012). In the structure of economy lending, the leading sectors were the financial sector - 27%, agrarian sector - 20.9% and trade sector - 12%.

Lending to the financial sector amounted to 46 bln AMD (up 21.2% versus May 2012), lending to the agrarian sector totaled 26.2 bln AMD (up 1% over May 2013, up 30% versus May 2012). Trade sector received 21 bln AMD (up 2% over May 2013, up 20.5% versus May 2012). The share of retail trade made up 84%, wholesale trade - 14%.

The source says that by late May 2013, the credit companies' mortgage lending totaled 17.8 bln AMD, or 10.3% of the loan book (up 1.1% over May 2013, up 22.4% versus May 2012). Consumer loans amounted to 16.1 bln AMD, or 9.3% of the loan book (up 1% over May 2013, up 46.2% versus May 2012).
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