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 and ADB Discuss New Projects and Areas of Cooperation

Armenian Deputy Prime Minister Tigran Khachatryan and Lyaziza Sabyrova, Country Director for Armenia at the Asian Development Bank (ADB), discussed new areas of cooperation and infrastructure projects.

Exchange rates of the euro, ruble, and dollar against the Armenian dram have fallen – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, established on Armenia's currency market, fell by 0.06 points on September 24 compared to September 23, settling at 363.38 drams.

Financial literacy among children: Idram&IDBank

Did you know that, on average, only 11% of 15-year-old students in OECD countries demonstrate capabilities corresponding to the highest, 5th level of financial literacy?

Exchange rates of the euro, ruble, and dollar against the Armenian dram have fallen – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, established on Armenia's currency market, fell by 0.18 points to 363.34 drams on September 28, compared to September 25.

Armenia proposes EBRD expand SME support to diversify exports

Armenian Minister of Economy Gevorg Papoyan and a delegation from the European Bank for Reconstruction and Development (EBRD)—led by Elisabetta Falcetti, Managing Director for Turkey and the Caucasus—agreed to advance their cooperation agenda during a meeting on Thursday.

LATEST NEWS

spot_imgspot_imgspot_img