Mortgage Portfolios Are Expected to Increase in Regions Beyond the Capital: Azatyan

By the end of 2025, the total assets of the banking system are expected to reach approximately 12.8 trillion AMD, with credit investments amounting to 7.9 trillion AMD. This was announced today during a press briefing by Daniel Azatyan, the president of the Union of Banks of Armenia.

Commenting on the 7.5 trillion AMD in credit investments, Azatyan noted that the largest share consists of consumer loans, accounting for 23.2 percent. The construction sector has contributed the most significant growth in loans, showing an increase of around 30 percent.

In the regions of Armenia, the mortgage loan portfolio is anticipated to grow by nearly 31% by 2025. According to Azatyan, it is also important to note that a large portion of the mortgage portfolio in the regions is attributed to areas near Yerevan.

He predicts that over the coming years, mortgage portfolios will increase even further in areas further away from the capital, as mortgage benefits for purchasing apartments in newly constructed buildings have ceased to exist in the capital.