Idle assets of Armenia’s commercial banks total 4.42% in October

YEREVAN, December 17. /ARKA/. The share of idle and written off balances of banks assets of Armenia’s residents dropped 0.19 p.p. in October from September to 4.42%, the Central Bank said Monday.

The commerce accounted for the highest number of idle assets, nearly 0.99% (rise from September by 0.05 p.p.), consumer credits accounted for 0.71% (0.04 p.p. drop).

At the same time, processing industry accounted for 0.56% ( 0.37 p.p. down), construction – 0.48% (0.01 p.p. down), agriculture- 0.36% (0.12 p.p. up), mortgage- 0.35% (0.04 p.p. drop), catering – 0.28% (0.09 p.p. up), some other sectors- 0.27% (0.04 p.p. growth).

There are no idle assets in financial sphere.

The volume of the assets at Armenia’s commercial banks totaled 2345,7 billion drams as of 30 October 2012.

As of 30 October 2012 there are 21 commercial banks in Armenia. .($1 – 407.34 drams).—0–

spot_img

POPULAR

Mher Ananyan joins Unibank’s Management Board

According to the decision of the Board of Unibank OJSC dated August 3, 2026, Mher Ananyan has been appointed Acting First Deputy Chairman of the Management Board.  

Armenia’s total public debt as of June 2026 amounted to $13.9 billion

Armenia's total public debt as of June 30, 2026, amounted to $13,900.932 million, an increase of $8.476 million compared to May 31, 2026, according to a report by the Statistical Committee of Armenia.

Head of the Union of Banks of Armenia expects the situation with the acceptance of cash rubles by Armenian banks to be resolved

The situation with the acceptance of Russian cash rubles by Armenian banks will be largely resolved, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

Head of the Union of Banks of Armenia did not rule out consolidation of the Armenian banking market

Daniel Azatyan, Chairman of the Union of Banks of Armenia, believes the current number of commercial banks in the country is optimal, but theoretically allows for market consolidation.

Moody’s changes the outlook on IDBank’s ratings to positive

Moody’s Ratings has changed the outlook on IDBank’s long-term deposit ratings to positive from stable.

LATEST NEWS

spot_imgspot_imgspot_img