Armenian banks’ lending to private companies up by 18.5% in Q3

By bne IntelliNews November 18, 2014

Armenia’s 21 commercial banks’ overall lending to private enterprises in Q3 2014 surged to over AMD1,000bn ($2.4bn), a 18.5% increase from the same period of last year, according to news agency ARKA’s quarterly bulletin Banks of Armenia.

The overall lending in Q3 2014 stood at more than AMN1,900bn ($4.5bn) up from AMD1,700bn ($4bn) in Q3 2013. Private enterprises accounted for 56.6% of the total loan portfolio of the banks.

Ameriabank, Armenia’s first investment bank and largest by total assets, is the leading bank by total loans to private enterprises with AMD165.3bn, 82.1% of its total lending. Ameriabank accounted for 15% of the total lending to private enterprises.

Ameriabank was followed by HSBC Bank Armenia with AMD146.6bn or 86.3% of its total lending; VTB Bank Armenia with AMD117.9bn or 52.7% of its total lending; Ardshininvestbank with AMD109.7bn or 66.7% of its total lending, and Armbusinessbank with AMD106.2bn or 71.2% of its total lending.

Related Articles

EBRD says 2016 net profit was around €1bn

The European Bank for Reconstruction and Development (EBRD) said it made a net profit of around €1bn in 2016, up by a quarter from the €802mn it made in ... more

World Bank raises growth forecasts for Kazakhstan and Azerbaijan

The World Bank’s latest “Global Economic Prospects” report issued on January 10 offers a mixed picture when it comes to the GDP growth prospects of countries across Central Asia and the ... more

Armenia's outlook remains challenging, says IMF

The International Monetary Fund (IMF) predicts GDP growth to the tune of 2.7% and 3% in Armenia in 2017 and 2018 respectively, the multilateral lender announced upon completing an extended ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss