Sat, 26 July
32.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Overdue loans of Armenian commercial banks rose to 25.26 bln drams in November

YEREVAN, January 9. /ARKA/. Overdue loans of Armenian commercial banks surged by 3.3% in November compared to October, to 25.26 billion drams or 1.47% of total lending, ArmStat reported.

About 62.3% of this or about 15.7 billion drams were short-term loans.

Extended loans amounted to about 87.5 billion drams in the period, an increase of 1.4%, of which 76.2 billion drams were short-term loans.

According to statistical data, loan investments of all banks amounted to about 1,601.7 billion drams in November, an increase of 1.13% compared to October. Of that amount about 1,002.9 million drams were loans in foreign currency.

As of November 2013, aggregate loans of Armenia’s commercial banks were about 1,714.5 billion drams. ($1=405.95drams).  –0–

spot_img

POPULAR

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.

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.

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’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img