Mon, 21 April
13.1 C
Yerevan
USD: 390.90 RUB: 4.79 EUR: 444.61 GEL: 142.30 GBP: 519.04
spot_img

Individuals’ aggregate overdue payments on loans make up 30.72% of Armenian banks’ loan portfolio

YEREVAN, November 4. /ARKA/. Individuals’ aggregate overdue payments on loans made up 30.72% of Armenian banks’ loan portfolio in late September.

According to banks’ financial reports, their aggregate loan portfolio, including loans extended to clients and other borrowings, amounted to AMD 1159.1 billion in late September against AMD 1088.8 billion in the beginning of the third quarter, and loans extended to individuals totaled AMD 356.1 billion against AMD 342.4 billion.

ARKA News Agency’s analysis shows that ACBA-Credit Agricole Bank, with its 18.9% share in banks’ aggregate loan portfolio, was the largest creditor among Armenian banks also in the third quarter.

Loans extended to individuals totaled AMD 67.4 billion and constituted 50.1% of the bank’s portfolio in late September against AMD 67.5 billion in early July.

Banks VTB (Armenia), with its individual loans totaling over AMD 44 billion, Ardshininvestbank, with about AMD 28.2 billion, Converse Bank, with AMD 25.9 billion, and Unibank, with AMD 24.3 billion, are leaders in lending individuals.

These banks’ shares in Armenian banks’ aggregate loan portfolio was 39.48%, 33.73%, 56.73% and 30.59% respectively in the third quarter.

Some 21 banks with their 425 branches operate in Armenia. ($1 = AMD 378.98). -0—

spot_img

POPULAR

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

Time of the Brave: head of investment banking at Dimension Investments on the prospects of Armenia’s capital market development (Exclusive)

Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks  in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.

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.

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

Market expects refinancing rate to decrease in annual perspective – Central Bank of Armenia

Compared to previous surveys, market participants' expectations regarding the Central Bank of Armenia's refinancing rate have slightly adjusted downwards, reflecting the trajectory of a gradual reduction in the refinancing rate over the next eight decisions.

LATEST NEWS

spot_imgspot_imgspot_img