Mon, 28 April
15.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

Overdue loans of Armenia’s banks drop to 24.4 bln drams in October

YEREVAN, December 3. /ARKA/. Overdue loans of Armenian commercial banks fell by 6.3% in October compared to September, to 24.4 billion drams or 1.44% of total lending, ArmStat reported.

About 96.7% of this or about 23.6 billion drams were short-term loans.

Extended loans amounted to 86.2 billion drams in the period, a reduction of 4.3%, of which 75.6 billion drams were short-term loans.

According to statistical data, loan investments of all banks amounted to over 1,583.8 billion drams in October, an increase of 0.3% over the month. Of that amount about 990.5 million drams were loans in foreign currency.

As of October, aggregate loans of Armenia’s commercial banks were about 1,694.5 billion drams. ($1=403.91drams).  –0–

spot_img

POPULAR

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

Armenia’s international reserves rose to $3.9 billion in March, providing 2.9 months of import coverage – WB

Armenia's international reserves increased to $3.9 billion in March 2025, offering 2.9 months of import coverage, according to the World Bank's Monthly Economic Update for April 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia Enters Top 10 Countries in the World with Lowest Inflation in 2024 – IMF

Armenia was among the top 10 countries in the world with the lowest annual inflation in 2024. Such data is provided in an IMF study on 156 countries.

LATEST NEWS

spot_imgspot_imgspot_img