Loan portfolio of Armenian banks’ branches in Karabakh reaches 56.6 billion drams

YEREVAN, December 7. /ARKA/. The overall outstanding credit portfolio of Armenia-based banks’ branches in Nagorno-Karabakh Republic (NKR) increased by 41.7% in the first 11 months of the outgoing year to 56.5 billion drams.

Compared to October the lending grew by 5.6%, according to the National Statistical Service of the NKR, which said that 54.3% of the lending was in foreign currency. The share of overdue loans amounted to 0.5%.

As of December 1, 2011, the amount of deposits amounted to 40.6 billion drams, having increased by 10.5% over the same period last year and by 5.5% as compared with the previous month.

The agency said also that 64.6% of all deposits were time deposits, 27.2% call deposits and 8.2% special deposits. ( 1 – 383.24 AMD). –0–

spot_img

POPULAR

Armenia Updates Income Declaration Procedures: New Rules, Exemptions, and Deadlines

Armenia has streamlined the process for filing annual personal income tax declarations, expanded the scope of data that is auto-populated, and defined categories of non-taxable income that citizens are not required to include in their declarations.

Armenia to establish endemic seed bank to protect agriculture from climate change

The Armenian-French "Seed" program, supported by the Acba Federation, was presented at COP17.

Acba Bank is the official partner of the Armenia pavilion in the Green Zone of COP17

Acba Bank is the official partner of the Armenia pavilion in the Green Zone of the 17th Conference of the Parties to the UN Convention on Biological Diversity (COP17).

An increase in refinancing rate will not necessarily lead to higher loan prices: Head of Central Bank

An increase in the refinancing rate does not necessarily mean higher loan prices, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

Armenia’s commercial banks contributed 149.22 billion drams to the state budget in the first nine months of 2026

All 17 commercial banks currently operating in Armenia were included in the list of the country’s 1,000 largest taxpayers for the first nine months of 2026, according to data from the State Revenue Committee of the Republic of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img