Mon, 18 August
26.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Doubtful lending fo Armenian banks in first half grows by 38% to 15.1 billion drams

YEREVAN, September 20. / ARKA /. Doubtful loans of Armenian commercial banks amounted to 15.1 billion drams in the first half of the year, having increased by 38 percent when compared with the same period last year, according to the Bulletin of the Central Bank of Armenia for the second quarter.

It says standard credit investments of the banks in the reporting period amounted to 1.618.3 trillion drams, making 94% of total credit portfolios of all Armenian banks, a 9.3 percent rise from the first half of last year. Controlled credit investments totaled 63.2 billion drams (up 97.6%), and non-standard loans declined by 1.9 percent to 22.6 billion drams.

As of June 30, 2013 the total outstanding lending of the banks stood at 1.719.5 trillion drams, an 11 percent year-on-year rise ($ 1 – 407.49 drams). -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Euro jumps 2.54 points to AMD 447.76

The average market exchange rate of the US dollar to the Armenian dram on August 7, 2025, fell by 0.03 points compared to August 6 and amounted to AMD 383.65.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Deposits in commercial banks of Armenia at the end of June amounted to 6.7 trillion drams

According to the National Statistical Committee, the volume of deposits in all 17 Armenian commercial banks at the end of June 2025 amounted to 6,693,323 million drams, up from 6,665,578 million drams in May.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img