YEREVAN, May 29. /ARKA/. The share of non-performing and written off assets of Armenian commercial banks dropped to 4.77% in late March 2013, 0.51 percentage point down from a month before.
According to the report posted on the central bank’s official website, the biggest share of non-performing assets – about 1.65%- was reported by trade sector, up from 1.14% in February.
The share of idle consumer loans was 0.79% in March, down from 0.90% in February, the share of idle loans in construction sector was about 0.26%, down from 0.80% in February. Processing industry’s share was 0.62% in March. That of agriculture – 0.21%, mortgage lending accounted for 0.36% and public catering for 0.23%. Finance sector has no non-performing assets.
Assets in Armenia’s commercial banks totaled about AMD 2570 billion in late March 2013.
As many as 21 commercial banks operated in Armenia in late March 2013. ($1 – AMD 415.35). —0—
