Tue, 9 September
24.1 C
Yerevan
USD: 382.77 RUB: 4.70 EUR: 447.46 GEL: 142.16 GBP: 515.90

Outstanding credits of Armenian commercial banks grew by 5.6 billion drams to 9 billion drams

YEREVAN, December 7, /ARKA/. The outstanding credits of Armenian commercial banks grew by 2.7 times from the beginning of the year or by 5.6 billion Drams, amounting to 9 billion Drams at the end of Q3, the Central Bank of Armenia said in its monthly bulletin.

The share of overdue credits made 1.3% of all credits at the end of Q3 rising by 0.8 percentage point from the beginning of the year.

Term credits grew by 8.9% from the beginning of the year to 684.4 billion Drams or 96% of all credit investments. The volume of prolonged credits rose by 5.2 times from the beginning of the year to 19.5 billion Drams or 2.7% of all credit investments.

Overall Armenian banks’ credits at the end of Q3 totaled 712.8 billion Drams, up from 635.8 billion Drams from the beginning of the year. Short-term credits made 24.4%, falling from 24.9% at the beginning of the year, while long-term credits rose from 75.1% to 75.6%. ($1 – 385.21 Drams.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

Armenia to receive 45.3 million euros from ADB to improve healthcare quality

Armenia will receive 45.3 million euros from the Asian Development Bank (ADB) to improve healthcare quality, said First Deputy Minister of Health of the Republic of Armenia Lena Nanushyan during a meeting of the parliamentary standing committee on financial, credit and budgetary issues.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img