Tue, 1 July
18.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Loan portfolio of branches of Armenian banks in Karabakh amounted to 78,028.6mln drams as of October 1

STEPANAKERT, October 11. /ARKA/. Aggregate loan portfolio of branches of Armenia’s commercial banks in Nagorno-Karabakh rose by 12.4% to 78,028.6 million drams as of October 1, 2013, as compared with the same period of the year before.

Against the month before loan portfolio has dropped 0.7%, according to the National Statistical Service of Nagorno-Karabakh.

The share of foreign currency loans is 56.5% in the overall loan portfolio. Overdue loans constitute 1.5%.

Bank deposits attracted by the branches from clients amounted to 50,732 million drams as of October 1, an increase of 5.2% against the same period of the year before and a reduction of 0.4% compared to the month before.

According to the report, 74.6% of deposits are time deposits, 17.2% are call deposits and 8.2% are purpose deposits. ($1=407.50drams).–0–

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img