Sat, 27 September
23.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Loan portfolio of Armenian banks grew by 11.6 percent last year to 1.776.5 trillion drams

YEREVAN, February 1. / ARKA /. At the end of December 2013 the loan portfolio of Armenian commercial banks stood at 1.776.5 trillion drams, an increase of 11.6% compared to December 2012, the National Statistical Service said.

Their credit investments grew by 8.5 percent to 1.658.7 trillion drams. Credits in foreign currency amounted to 1.030.8 trillion drams and credits in Armenian national currency stood at 627.8 billion drams.

Overdue loans at the end of December 2013 stood at 21.3 billion drams, having more than doubled from the year before making 1.2% of total loans. About 20.2 billion drams of overdue loans were short-term loans.

Extended loans in 2013 amounted to about 96.5 billion drams, having increased by 77.5%. Of that amount about 64.1 billion drams were short-term loans. -0-

spot_img

POPULAR

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

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.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

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