Tuesday, April 23, 2024
- Advertisement -

Lending activities grow in Armenia, says cenbank governor

- Advertisement -spot_img


A growth in the lending activity was recorded in Armenia last year in all loan types, especially in mortgage loans, the Central Bank Governor Martin Galstyan said at a press briefing on the 2021 financial stability report.

“A growth of activity was recorded in the lending market in 2021. By successfully overcoming the unfavorable impacts of 2020’s shocks, growth trends were recorded in all areas of lending starting Q2 of 2021,” he said.

The financial cycle index grew, which reflects the dynamics of the financial market growth and loan activeness. Developments in the mortgage market greatly contributed to the growth of the financial cycle.

Galstyan noted that in order to more effective address the risks in the mortgage market they introduced the LTV (Loan-To-Value) maximum limit requirements.

He added that in 2021 both the quality of the loan portfolio and the ability to absorb risks of banks improved.

Secure Your Child’s Place at

Dream Bridgeman Academy is an international school in Yerevan deploying the Oxford International Curriculum under the supervision and evaluation of Oxford University Press.
It caters for children between the ages of 1.5 yrs to 6 yrs.
Book your tour and secure your place now.
Phone: +374 93 703005

- Advertisement -spot_img
- Advertisement -spot_img


Chap.am is an independent media station

Ara D. Kassabian CPA, based in Glendale, California, provides a full range of tax preparation, accounting and bookkeeping services, either in your facility or at our location. Making it quick and easy to file your taxes.


Support Zartonk Daily


Pyro Drone is the leading source of professional FPV drone racing parts, gear, and accessories. We strive our best to deliver the latest and most reliable FPV gear available on the market. Bringing the highest quality at an affordable price, our flagship Hyperlite line is amongst the most competitive FPV drone racing parts in the industry. For FPV racing frames, motors, batteries, straps, and more - Pyro Drone is truly your one stop shop for all things in drone racing!