YEREVAN, June 12. / ARKA /. The share of non-performing resident assets and also assets written off from the banks’ balance sheets in April 2013 stood at 5.38 percent, up 0.54 percentage points from March, the Central Bank of Armenia said.
It said trade sector accounted for the highest proportion of non-performing assets in April – about 1.29% (in March it was 1.65%). It was followed by consumer loans – 0.91% (0.79% in March) and construction sector- about 0.67% (0.26% in March).
The share of non-performing assets in the manufacturing sector accounted for 0.68%, in agriculture – for 0.40%, in mortgage loans –for 0.42% and the public catering for 0.28%. No non-performing assets were reported by the financial sector. The total assets of 21 commercial banks at the end of April 2013 amounted to 2.5 trillion drams. ($ 1 – 411.94 drams). -0-
