Thu, 3 July
19.1 C
Yerevan
USD: 384.51 RUB: 4.89 EUR: 452.41 GEL: 141.37 GBP: 526.78

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Citizens fallen victim to fraudsters in Armenia will have their interest rates reset to zero

The Armenian Ministry of Internal Affairs held intensive discussions with representatives of the office of Deputy Prime Minister Mher Grigoryan, the Investigative Committee, and the Central Bank to resolve the problem of citizens affected by cybercrime.

Armenia set to launch crypto market regulation: Central Bank presents main provisions of  law on crypto-assets

The Law on Crypto Assets is the main law that will kick-start the regulation of this area in Armenia, said Deputy Chairman of the Central Bank Armen Nurbekyan, presenting the draft law and a package of related laws at an extraordinary meeting of the parliamentary committee on financial, credit and budgetary issues.

LATEST NEWS

spot_imgspot_imgspot_img