Sun, 7 September
22.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Share of Armenian resident banks’ idle assets 4.33% in Jan 2013

YEREVAN, March 11. /ARKA/. The share of Armenian resident banks’ idle assets and the assets written off from books was 4.33% in January 2013 – 1.03% year-on-year growth, the Central Bank of Armenia reports.

The regulator posted on its website that consumer loans dominated idle assets with 0.8%in January 2013 against 0.58% in Jan 2012, and trade loans made up 0.77% of the idle assets in Jan 2013 against 0.65% in Jan 2012.

Processing enterprises’ idle assets belonging to commercial banks made up 0.69% of the banks’ idle assets, agriculture companies’ idle assets 0.49% and construction companies’ 0.25% in January 2013.

The share of idle mortgage loans was 0.36%, public catering 0.23% and other segments’ 0.23%.

There are no idle assets in the financial sector.

Commercial banks’ assets totaled AMD 2496.5 billion in late January 2013.

Twenty one commercial banks functioned in Armenia in late January 2013. ($1 – AMD 410.58). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Acba Bank’s 66th branch launched

Acba Bank has launched its 66th branch, "Homeplex Mall". The branch is open from Monday to Sunday from 09:00 to 24:00 (cash service: 09:00-21:15).

Changes made to compulsory motor liability insurance in Armenia

The Armenian Bureau of Motor Insurers has launched a new feature, as reported by the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img