CONSUMERS CREDITING MADE UP $169,3 MILLION OR 31,9% OF ALL CREDIT INVESTMENTS

Yerevan, July 29. ArmInfo. Consumers crediting by the commercial banks
of Armenia made up AMD 70,9 billion ($169,3 million) by June 30, 2006,
or 31,9% of all credit investments. In the first quarter of 2006 this
indicator grew by 23,5%. According to bank ranking by ArmInfo the five
leaders of consumer crediting in Armenia are HSBC Bank Armenia (AMD
9,7 billion), Ardshininvestbank (AMD 9,0 billion), ACBA Bank (AMD 6,7
billion), Armeconombank (AMD 6,5 billion) and VTB-Armenia (AMD 6,2
billion).

Trade sector crediting made up 21,1% of all credit investments or AMD
46,9 billion ($111,9 million), which is 11,2% more than in the end of
2005. The highest volume in trade crediting was provided by HSBC Bank
Armenia (AMD 7,0 billion), ACBA (AMD 5,7 million), Converse Bank (AMD
4,4 billion), Unibank (AMD 3,9 billion) and Armeconombank (AMD 3,8
billion).

Industry sector crediting made up AMD 43,1 billion or $102,8 million,
which is 19,4% of the whole credit portfolio. This indicator grew by
10,1% as compared with late 2005. The major investors in the industry
sector are VTB-Armenia (AMD 8,4 billion), Ardshininvestbank (AMD 5,5
billion).HSBC Bank Armenia (AMD 4,7 billion), Armeconombank (AMD 3,524
billion), Converse Bank (AMD 3,522 billion).

AMD 13,4 million or $31,9 million (6% of all) was invested into
agriculture. 73% (AMD 9,8 billion) of this sector was covered by ACBA
bank. In general, this sphere made up 18,3% of all credit
investments. Construction sector crediting made up AMD 8,2 billion or
$19,5 million (3,7% of the wholse credit portfoio), which is 3,8 %
more than in the end of 2005. The most of credits investments in this
sector were made by Ardshininvestbank (AMD 1,4 billion), Convesre Bank
(AMD 1,2 billion) and Artsakhbank (AMD 1,0 billion).

The total portfolio of mortgage credits made up AMD 17,4 billion
($41,6 million) by June 30, 2006, which is 7,8% of all credit
investments. The major par of mortgage crediting was provided by HSBC
Bank Armenia – AMD 7,4 billion or $17,6 million, Unibank – AMD 2,8
billion or $6,7 million, Armeconombank – AMD 1,7 billion or $2,4
million and BTA-InvestBank – AMD 944,8 million or $2,3 million.