Consumer loans in Armenia grow by 4.3%
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%).
