Friday, April 10 2026 16:30
Alina Hovhannisyan

Approximately 89% of  leasing portfolio is state subsidized -  Minister of Economy

Approximately 89% of  leasing portfolio is state subsidized -  Minister of Economy

ArmInfo. About 89% of the leasing portfolio provided by Armenian banks is subsidized by the state in terms of interest rates, as stated by Armenian Minister of Economy Gevorg Papoyan  at the opening of the LEASING EXPO 2026 exhibition, citing data from the Credit Registry.

This year, the Ministry of Economy is represented at the exhibition  with a separate pavilion, where visitors can learn about state  support provided through leasing instruments. According to the  ministry's press service, Papoyan toured the exhibition pavilions and  examined the products and equipment on display.

 LEASING EXPO 2026 is taking place at the Meridian Exhibition Center   bringing together leading industry organizations, suppliers,  financial and banking institutions, and representatives from various  business sectors, creating an ideal environment for establishing new  business connections and expanding cooperation. The exhibition  features construction equipment, agricultural and industrial  equipment, solar panels, vehicles, electric vehicles, trucks and  cars, winemaking equipment, as well as banks and leasing  organizations.

The goal of the event is to provide businesses with access to  financial resources to modernize production capacities and stimulate  the implementation of new technologies in Armenia.

According to the Financial Rating of Armenian Banks and the Ranking  of Credit Companies of Armenia as of December 31, 2025, prepared by  the ArmInfo Investment Company, the leasing portfolio had surpassed  221.6 billion drams ($581.2 million). Year-on-year, this portfolio  increased by more than 17%, with banks alone accounting for 15% of  the growth. It's worth noting that the majority of the 17 operating  banks in Armenia are engaged in leasing operations. There are five  credit companies  specializing exclusively in leasing operations:  ACBA Leasing, Armleasing, ID Leasing, AgroLeasing, and NEO Credit.