Tue, 29 July
29.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Overdue loans at Armenia’s commercial banks rise 2.5% to AMD 26.3 billion in July

YEREVAN, September 2. /ARKA/. Overdue loans at Armenia’s commercial banks totaled AMD 26.3 billion in late July after increasing by 2.5% over the month and made up 1.41% of their aggregate loan portfolio, National Statistical Service reports.

Short-term loans alone amounted to about AMD 22.8 billion and made up 86.9% of the aggregate loan portfolio.

Loans with extended terms grew by 0.9% in July, compared with June, and totaled about AMD 112.8 billion. Short-term loans alone were AMD 59.4 billion.

According to the statistical report, loan investments by the country’s banks fell by 0.35% in July, compared with June, to AMD 717.7 billion.  Foreign currency loans amounted to AMD 1,060.6 million.

Total loan portfolio of Armenia’s commercial banks amounted to about AMD 1,856.8 billion in July 2014. ($1 – AMD 411.26). —0—

spot_img

POPULAR

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img