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

Euro and ruble exchange rates against the Armenian dram rose, while the dollar fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 5, 2026, fell by 0.05 points compared to June 4, to 368.54 drams.

IMF enables Armenia’s  access to about US$25.1 million under new SBA

The Executive Board of the International Monetary Fund (IMF) said it has completed the first review under the Stand-By Arrangement (SBA) with Armenia.

From Small Steps to Big Changes: “The Power of One Dram” Turns 6

Six years, around 45 foundations, more than 55 projects, and a budget reaching 300 million AMD.

Pashinyan: Income tax refund program for mortgages will not be extended in regions adjacent to Yerevan from 2027

The Armenian government does not intend to extend the income tax refund program for mortgage interest repayments in the regions adjacent to Yerevan, RA Prime Minister Nikol Pashinyan announced.

Head of the Central Bank of Armenia sees no reason to panic over the depreciation of the dram

In the current situation in Armenia, there is no reason to panic over the depreciation of the dram, says Martin Galstyan, head of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img