YEREVAN, November 14. / ARKA /. The amount of outstanding loan portfolios and receivables of Armenia’s 32 crediting organizations as of 30 September 2012 amounted to 147.1 billion drams, by 0.2 percent less than at the end of the previous quarter, according to a Central Bank of Armenia review of the activities of crediting institutions in the third quarter of 2012.
Standard loans and accounts receivable in their total portfolios as of September 30 totaled 141 billion drams (95.9% of the total debt) against 142.4 billion drams (96.6%) at the beginning of the quarter, manageable loans stood at 3.6 billion drams, up from 2.3 billion drams, while non-standard loans stood at 1.18 billion drams against 1.3 billion drams.
According to the Central Bank, the amount of “problematic” debts of credit institutions at the end of the third quarter was 1.2 billion drams, down from 1.3 billion drams at the beginning of the quarter. ($ 1 – 409.47 drams). -0-
