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Business & Economy: Assets Of Armenian Banks Exceed $4 Billion

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  • Business & Economy: Assets Of Armenian Banks Exceed $4 Billion

    ASSETS OF ARMENIAN BANKS EXCEED $4 BILLION

    news.am
    Sept 2 2011
    Armenia

    YEREVAN. - 21 commercial banks with 418 branches functioned in Armenia
    as per July 1, 2011, says the report of the Central Bank of Armenian
    (CBA). Total assets of these banks are estimated as AMD 1,7 trillion
    (around $4,3 billion).

    The amount of loans provided to legal bodies make highest density
    of banks' assets with 35.9 percent. Density of loans allocated to
    physical persons increased by up to 20.7 percent. The banking system
    provided AMD 1,48 trillion (around $4 billion) to the economic sphere
    of the country as per July 1, 2011.

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