Retail loans reached 1,047 AMD bil in 2017 in Armenia, according to the National Central Bank. This is 13.1 % more than in the previous year.
Historically, retail loans in Armenia reached an all time high of 1,047 AMD bil in 2017 and an all time low of 18.4 AMD bil in 2001. When compared to Armenia's main peers, retail loans in Azerbaijan amounted to 4.61 AZN bil, 12.8 GEL bil in Georgia and 471 TRY bil in Turkey in 2017.
Armenia has been ranked 15th within the group of 40 countries we follow in terms of retail loans, 20 places above the position seen 10 years ago.
A retail loan is a loan provided by a bank to a physical person.