Wednesday, November 7 2012 14:01
Aggregate loan portfolio of Armenian banks for Q3 2012
ArmInfo.Real estate transactions in the loan portfolio of Armenian banks grew 52.7% to 16.7 bln drams ($41.1 mln) for Q3 2012, while trade finance totaled 321.9 bln drams ($792.4 mln), which a 1.6% decline for Q3 2012.
By data of the Central Bank of Armenia, the second position in terms of the quarterly growth belongs to the research activity - 18.2% to 4 bln drams ($9.8 mln). The second position in terms of the volume belongs to consumer loans - 272.2 bln drams ($670 mln) with a 4.5% growth for Q3 2012. The third position in terms of the quarterly growth belongs to the information and communications sector - 16.6% to 10.3 bln drams ($25.3 mln), while processing industry sector was on the third position with 172.3 bln drams (#424.1 mln), with 3.3% quarterly growth.
Banks provided 103.3 bln drams ($254.3 mln) loans to the construction sector with an insignificant quarterly decline, while mortgage lending totaled 123.4 bln drams ($303.7 mln), with a 2.2% growth. Lending to the energy sector totaled 97.2 bln drams ($293.3 mln), with a 1.1% quarterly growth. In Q2 2012 Armenian banks cut lending to the sector of culture, rest and entertainment - by 23.9% to 4.3 bln drams ($10.6 mln).
Aggregate loan portfolio of banks grew 2.3% for Q3 2013 to 1.53 trillion drams ($3.75 bln) or 65.3% of assets.
By data of the Central Bank, as of Oct 1 2012 the Armenian market encompassed 21 banks and 465 branches (versus 461 as of July 1 2012).
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