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.