YEREVAN, April 29. /ARKA/. The portion of idle and written- off assets fell by 0.18 p.p. in February from January to 5.37% in Armenia, the Central Bank reported.
According to the CB, idle and written- off assets of Armenia’s residents accounted for 5.28%.
Consumer loans accounted for the highest share of idle assets – nearly 1.42% (against 1.35% in January); commerce accounted for about 1.01% (0.98% in January); construction –for about 0.59%, processing industry for 0.54%, mortgage loans for 0.46% and other sectors for 0.26%.
Total volume of the assets at Armenia’s commercial banks amounted to 2,826.4 billion drams as of the end of February 2014.
There were a total of 21 commercial banks in Armenia as of February 28 2014. ($1=412.80 drams).–0–
