Thursday, January 9 2014 19:26
By 1 Dec 2013 Armenian banks secured 10% y-o-y growth in economy lending
ArmInfo. By 1 Dec 2013 Armenian banks lent 1.222 trillion AMD to economy (71.4% of the total loan book), 10% more than over the same period of 2012 (no changes for November).
The Central Bank of Armenia reports that the trade sector was in the lead - 351.9 bln AMD by 1 Dec 2013. In the structure of loans provided to the trade sector, 180 billion AMD fell on wholesale trade, and 155.1 billion on retail trade. The y-o-y growth in trade lending was 8.5%, and the growth for November was 3.5%.
The processing sector was the second - 170.2 billion AMD (including 58.3 bln AMD lent to food industry and 36.8 bln AMD lent to beverage industry). The y-o-y growth was 1.2%, and the growth for November was 1.3%.
The sector of electric power supply and gas supply was the third - 122.3 bln AMD (19.7% y-o-y growth, 3.2% rise for November).
Agriculture is the fourth with 113.4bln AMD lent (18% more than in Nov 2012 but 0.5% less than in Oct 2013).
The financial sector is the fifth with 85.7bln AMD (66.7bln AMD being inter-bank loans), which is 0.9% more than in Nov 2012 but 21% less than in Oct 2013.
Construction is the sixth with 101.1bln AMD (0.3% less than in Nov 2012 and 1.5% less than in Oct 2013). Of this sum 79.2bln AMD was lent for housing construction and 14.8bln AMD for road building.
Public catering and services were lent 37.6bln AMD (10.9% more than in Nov 2012 and 3.1% more than in Oct 2013), mining - 36.8bln AMD (54.3% and 2.2% less, respectively).
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