Mon, 28 July
37.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Share Of Armenian Banks’ ‘Bad’ Loans Is 4.8%, Imf Resident Representative

YEREVAN, December 2, /ARKA/. The share of Armenian banks’ ‘bad’ loans is about 4.8%, the International Monetary Fund (IMF) Resident Representative to Armenia, Guillermo Tolosa said today.

He said the situation with ‘idle’ loans in Armenia is better than in many other countries of the Caucasian and Central Asian regions, where their share is very high.

Speaking at a forum on global and regional economic developments, he said the share of bad loans in Kazakhstan’s overall loan portfolio is 25.8%.

In Kyrgyzstan and Tajikistan the figure is 13%. Guillermo Tolosa said Armenian banks appeared to be well protected from the global economic and financial crisis’ impact.

According to official figures, the total assets of Armenian banks grew by 88.6 billion Drams in quarter three to 1.4 trillion Drams($1 – 359.4 Drams). –0–

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

 Law on Cryptoassets enters into force in Armenia

The Law on Cryptoassets entered into force on July 4, 2025, the press service of the Central Bank of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img