Consumer loans in Armenia grow by 4.3%
15:56, 26 May 2017YEREVAN, MAY 26, ARMENPRESS. Consumer loans remained the more active direction of household crediting in 2016.
According to official data on the 2016 financial stability report, a 4,3% growth of consumer loans was recorded in 2016, which was contributed by the growth of household equipment loans and gold deposit loans – 28,7% and 4,6% respectively.
Car loans and card credits decreased by 38,8% and 2,2% respectively.
The overwhelming share in the consumer crediting structure consist of card (36,1%) and gold deposit loans (23,8%).
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