Tue, 8 July
29.1 C
Yerevan
USD: 384.19 RUB: 4.90 EUR: 450.58 GEL: 141.45 GBP: 521.65

Idle assets of Armenia’s Commercial Banks hit 5.69% in May 2013

YEREVAN, July 15./ARKA/. The portion of idle and written- off assets of Armenia’s residents inched up by 0.38 p.p. in May  from April  to 5.69%, the Central Bank said Monday.

Commerce accounted for the highest number of idle assets  –nearly 1.33% (against 1.29% in April); consumer loans accounted for 0.95% (0.91% in April); construction –for about 0.69% (0.67%).

At the same time, processing industry accounted for 0.71%, agricultural sphere –0.41%, mortgage lending -0.46%, catering –0.30%. There are no idle assets in financial sphere.

The aggregate  volume of the assets at Armenia’s commercial banks totaled 2594,8  billion drams as of May  2013.

As of May 2013  there are 21 commercial banks in Armenia. .($1 – 409.93 drams).—0

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Net inflow of remittances to Armenia from abroad increased by 13.9% over 5 months

The net inflow of private remittances in Armenia from abroad sent through the  banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img