Tweet
ARMENIAN COMMERCIAL BANKS' CREDITS TO PRIVATE SECTOR RISE BY 33.4% TO 381 BILLION DRAMS
ARKA
December 17, 2009
Yerevan
YEREVAN, December 17, /ARKA/. Armenian commercial banks' credits
to private sector rose by 33.4% in January-September of 2009 to 381
billion Drams.
According to their interim statements for Q3, their overall credits
and other borrowings to clients rose to 691 billion drams at the
end of September from 639.3 billion drams on December 31, 2008. It
appears that 55.14% of all credits went to the private sector.
Armbusinessbank was the leading bank in terms of credits made available
to private sector, whose share in the overall volume of credits to
this sector stood at 11.5% at the end of September. Some 77.3% or 43.9
billion Drams of Armbusinessbank's credits went to the private sector,
rising from 15.1 billion from December 31, 2008.
HSBC Bank Armenia was second with 37.5 billion Drams (56.22%),
followed by Ameriabank-37.3 billion Drams (83.4%), Ardshininvestbank-
34.3 billion Drams (59.65%), Bank VTB Armenia- 32.2 billion Drams
(48.41%) and Unibank- 28.4 Drams (50.38%).
There are 22 commercial banks in Armenia with 365 branches). ($1 -
381.59 Drams).
ARKA
December 17, 2009
Yerevan
YEREVAN, December 17, /ARKA/. Armenian commercial banks' credits
to private sector rose by 33.4% in January-September of 2009 to 381
billion Drams.
According to their interim statements for Q3, their overall credits
and other borrowings to clients rose to 691 billion drams at the
end of September from 639.3 billion drams on December 31, 2008. It
appears that 55.14% of all credits went to the private sector.
Armbusinessbank was the leading bank in terms of credits made available
to private sector, whose share in the overall volume of credits to
this sector stood at 11.5% at the end of September. Some 77.3% or 43.9
billion Drams of Armbusinessbank's credits went to the private sector,
rising from 15.1 billion from December 31, 2008.
HSBC Bank Armenia was second with 37.5 billion Drams (56.22%),
followed by Ameriabank-37.3 billion Drams (83.4%), Ardshininvestbank-
34.3 billion Drams (59.65%), Bank VTB Armenia- 32.2 billion Drams
(48.41%) and Unibank- 28.4 Drams (50.38%).
There are 22 commercial banks in Armenia with 365 branches). ($1 -
381.59 Drams).