Tue, 10 March
-3.9 C
Yerevan
USD: 377.29 RUB: 4.82 EUR: 436.15 GEL: 137.62 GBP: 503.49

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

Euro to Armenian dram exchange rate fell by 5.41 points, while dollar and ruble exchange rates changed little

The average market exchange rate for the US dollar to the Armenian dram, determined on March 2, 2026, increased by 0.11 points compared to February 27, reaching 376.99 drams.

Euro to Armenian dram exchange rate jumped by 2.59 points: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of March 3, 2026, increased by 0.87 points compared to March 3, reaching 377.86 drams.

Money scam: Central Bank warns of cases of fraud purporting to be carried out in its name

The Central Bank of Armenia has warned of cases of fraud in which criminals pose as regulator employees and urge citizens to transfer funds to other accounts.

Inflation of 4.3% Recorded in Armenia in February

Twelve-month inflation in Armenia's consumer market in February of this year stood at 4.3%, according to a report from the Statistical Committee.

Komitas Park Improvement: Acba Bank’s Gift to Yerevan on the Bank’s 30th Anniversary

Komitas Park will be improved in collaboration between Acba Bank and the Yerevan Municipality.

LATEST NEWS

spot_imgspot_imgspot_img