Growth in all fiscal indexes expected in 2019: Union of Armenian Banks CEO

19/03/2019 13:49

Growth in all fiscal indexes expected in 2019: Union of Armenian Banks CEO


The general annual capital of banks in 2018 totaled 771 billion AMD, actives 4,9 trillion AMD, loans 3,2 trillion AMD and the commitments 4,2 trillion AMD, CEO of Union of Armenian Banks Seyran Sargsyan told the reporters today.

“The banking system is developing more today than the whole economy,” Sargsyan said, stressing that during the past year the banks’ capital grew by 11,3% and the actives by 14%.

The loans have registered growth too by 13,7%.

“The mortgage loans have grown by 22%, agricultural loans by 5,7%, industrial by 9,4, consumption loans by 36%,” Sargsyan said, adding that construction loans reduced by 1,8%.

The Union’s CEO said in 2019 they expect growth in all fiscal indexes.


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