Friday, September 27 2013 19:56

Consumer lending takes the lead in Armenian banks' loan book


ArmInfo. By 1 September 2013 Armenian banks lent 1.217 trillion AMD to economy (72% of the total loan portfolio). This index grew by 0.7% in August 2013 and by 10% as compared with August 2012.

The Central Bank of Armenia (CBA) reports that the share of the trade sector in economy lending was the biggest, but if we consider the loan portfolio including the retail loans, it is consumer crediting that becomes the leader. As of 1 Sept 2013, lending to the trade sector amounted to 334.4 bln AMD, and consumer crediting totaled 334.6 bln AMD. In the trade sector lending, the share of wholesale trade was 166.1 bln AMD, whereas the share of retail trade was 151.1 bln AMD. Lending to the trade sector dropped by 1.6% in August 2013 and grew by 6% versus August 2012.

The processing sector received 164 bln AMD, of which 55 bln AMD was lent to food industry and 33.2 bln AMD - to production of beverages. Lending to the processing sector dropped by 2.6% in August 2013 and grew by 16% as compared to August 2012.

Electric power supply and gas supply received 120.3 bln AMD (up 29% versus Aug 2012, down 2.6% in Aug 2013).

Lending to the agrarian sector totaled 115 bln AMD (down 2% in Aug 2013, up 15.5% versus Aug 2012). In this sector plant growing received 50.2 bln AMD, and cattle breeding - 49.5 bln AMD.

The financial sector received 103 bln AMD (up 21.5% in Aug 2013, up 41.6% versus Aug 2012). 62.3 bln AMD of this amount was interbank loans.

Lending to construction totaled 99.4 bln AMD (down 3% in Aug 2013, down 1% versus Aug 2012). 67.5 bln AMD of this amount was lent housing construction, 12 bln AMD - to road construction.

The banks lent 53.4 bln AMD to the public catering sector and services (down 2% in Aug 2013, up 20% versus Aug 2012). Mining industry received 46.6 bln AMD (up 2% in Aug 2013, down 34% versus Aug 2012).
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