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HEAD OF ACBA-CREDIT AGRICOLE BANK: FINANCING OF INVESTMENT PROJECTS IN ARMENIA BY COMMERCIAL BANKS IS POORLY DEVELOPED
ArmInfo
2011-08-05 14:18:00
ArmInfo. The financing of investment projects in Armenia by the
commercial banks is poorly developed, Director General of ACBA-Credit
Agricole Bank, Stepan Gishyan, told ArmInfo. "I think the banks
should pay more attention to the potential of the investment activity
financing and replenish the spectrum of services with new, developing
tools", he said. He thinks that the efforts for activation of this
sphere should not harm the other types of crediting, including the
consumer crediting. "To finance investment projects, the banks can
always find additional resources, but the question is how much ready
they are for that in terms of assessment of risks and approaches",
Gishyan said. As regards the situation in ACBA-Credit Agricole Bank,
he pointed out that the bank has certain tools and finances investment
projects, though this does not happen regularly. "We have already
financed some projects in the sphere of energy, including renewable
energy, and now we are working out new mechanisms and are expecting
further activation in this segment", he said. According to the Ranking
of Commercial Banks of Armenia by the Agency of Rating Marketing
Information (ArmInfo), as of 1 April 2011 ACBA-Credit Agricole Bank
was in the lead by its credit portfolio (111.2 bln AMD). The share
of industry in the credit portfolio made up 13%, agriculture - 27.8%,
trade - 19.1%, consumer loans - 24%. To note, as the global economic
crisis is being overcome, the Armenian commercial banks are trying
to considerably diversify their credit portfolios, even the banks,
which specialized in financing limited spheres of economy within the
pre-crisis period.
ArmInfo
2011-08-05 14:18:00
ArmInfo. The financing of investment projects in Armenia by the
commercial banks is poorly developed, Director General of ACBA-Credit
Agricole Bank, Stepan Gishyan, told ArmInfo. "I think the banks
should pay more attention to the potential of the investment activity
financing and replenish the spectrum of services with new, developing
tools", he said. He thinks that the efforts for activation of this
sphere should not harm the other types of crediting, including the
consumer crediting. "To finance investment projects, the banks can
always find additional resources, but the question is how much ready
they are for that in terms of assessment of risks and approaches",
Gishyan said. As regards the situation in ACBA-Credit Agricole Bank,
he pointed out that the bank has certain tools and finances investment
projects, though this does not happen regularly. "We have already
financed some projects in the sphere of energy, including renewable
energy, and now we are working out new mechanisms and are expecting
further activation in this segment", he said. According to the Ranking
of Commercial Banks of Armenia by the Agency of Rating Marketing
Information (ArmInfo), as of 1 April 2011 ACBA-Credit Agricole Bank
was in the lead by its credit portfolio (111.2 bln AMD). The share
of industry in the credit portfolio made up 13%, agriculture - 27.8%,
trade - 19.1%, consumer loans - 24%. To note, as the global economic
crisis is being overcome, the Armenian commercial banks are trying
to considerably diversify their credit portfolios, even the banks,
which specialized in financing limited spheres of economy within the
pre-crisis period.