Fri, 25 July
36.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Total amount of outstanding loans provided by branches of Armenian banks in Nagorno-Karabakh surge by 25.3 percent

STEPANAKERT, March 7. / ARKA /. The total amount of outstanding loans provided by branches of Armenian banks in Nagorno-Karabakh has surged by 25.3 percent as of March 1, 2013 when compared to a year earlier, to 7.665.2 billion drams, the National Statistical Service of Nagorno-Karabakh said, adding that compared to February this year the loans grew by 0.8 percent.

It said also some 57.9% of the loans are provided in foreign currency. The share of overdue loans was 0.8 percent.

As of March 1, 2013 the deposits kept by these branches amounted to 50.357.3 billion drams, an increase of 14.8 percent compared to the same period last year.

According to the official data, 75.2% of deposits are time deposits, 17% are demand deposits and 7.8% are purpose deposits. -0-

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Viva Armenia CJSC bonds listed on Armenia Stock Exchange

The Armenia Stock Exchange (AMX) is pleased to welcome another major company to the capital market. Viva Armenia CJSC’s USD-denominated bonds will be listed on the Armenia Stock Exchange starting from 15 July.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img