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

Unibank Becomes Title Sponsor of Alashkert Football Club

Unibank and a four-time champion of Armenia "Alashkert" Football Club, have expanded their partnership, with the Bank becoming the club’s title sponsor.

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.

“IKO Machinery” LLC’s bonds, totaling AMD 1.1 billion listed on AMX

The Armenia Securities Exchange (AMX) today welcomed the entry into the capital market of "IKO Machinery" LLC, a company operating in both Armenia and international markets.

IDBank and the “Dekavva Fund” Stand with People from Artsakh

As part of the “Side by Side” initiative, IDBank has launched a new partnership, this time supporting families forcibly displaced from Artsakh who are currently living in the Sevan community.

Central Bank of Armenia and National Bank of Georgia Sign Memorandum of Understanding on Financial Cooperation

The Central Bank of Armenia and the National Bank of Georgia have signed a memorandum of understanding regarding financial cooperation.

LATEST NEWS

spot_imgspot_imgspot_img