Sun, 27 July
33.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian commercial banks’ aggregate portfolio of overdue loans grows 5.9% to AMD 22.6 billion in June

YEREVAN, August 1. /ARKA/. Armenian commercial banks’ aggregate portfolio of overdue loans reached AMD 22.6 billion in late June after growing 5.9% over the month and made up 1.35% of their aggregate loan portfolio, the National Statistical Service of Armenia reports.

Short-term loans totaled AMD 22.2 billion and constituted 98.2% of the banks’ aggregate overdue loan portfolio.

Prolonged loans have grown 13.3% since the beginning of June to AMD 71 billion by the end of the month. Short-term loans here amounted to AMD 616 billion.

According to the statistical report, the aggregate loan portfolio of the country’s commercial banks amounted to AMD 1575.36 billion in late June after shrinking 0.8%, compared with late May.

Loans extended in foreign currencies totaled about AMD 998 million. ($1 – AMD 409.75). —0—-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img