Idle assets of Armenia’s commercial banks hit 5.28% in Feb 2013

YEREVAN, April 12. /ARKA/. The share of idle and written- off assets of Armenia’s residents inched up by 0.95 p.p. in February from January to 5.28%, the Central Bank said Friday.

Commerce accounted for the highest number of idle assets  –nearly 1.14% (against 0.77% in January); consumer loans accounted for 0.9% (0.8% in January); construction –for 0.8% (0.25% in January).

At the same time, processing industry accounted for 0.68%, agricultural sphere –0.50%, mortgage lending -0.41%, catering –0.26%. There are no idle assets in financial sphere.
The aggregate  volume of the assets at Armenia’s commercial banks totaled 2546,7 billion drams as of late February 2013.

As of February 2013  there are 21 commercial banks in Armenia. .($1 – 418.02 drams).—0–

spot_img

POPULAR

Armenia to receive €170.3 million loan from IBRD for economic transformation

At a meeting on Thursday, the Armenian government approved a loan agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank structure) for €170.3 million under the "Armenia Economic Transformation Policy Development Loan" program.

Net inflow of remittances to Armenia from abroad increased approximately 2.3-fold in the first half of the year

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.38 billion in January-June 2026, compared to $587.6 million in January-June 2025, according to a report from the Central Bank of the Republic.

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.

Ranking of the Most Profitable Credit Institutions in Armenia for the First Half of 2026

ARKA News Agency publishes a ranking of the most profitable credit institutions in Armenia for the first half of 2026.

Capital of Armenian credit institutions increased by 2.82% in the first half of 2026 compared to the beginning of the year, exceeding 467 billion...

The total capital of Armenian credit institutions in the first half of 2026 amounted to 467.14 billion drams, an increase of 1.99% compared to the end of the first quarter and 2.82% compared to the beginning of the current year.

LATEST NEWS

spot_imgspot_imgspot_img