YEREVAN, September 10. / ARKA /. Non-performing assets of Armenian banks as well as assets they have written off from their balance sheets stood at 5.94% in late July, up 0.61 percentage points when compared to late June, the Central Bank of Armenia said today.
According to the Central Bank, some 5.87 percent of these assets were owned by residents of Armenia. Consumer loans made 1.5 percent of all non-performing assets in July. Some 0.81 percent of NPL were in the manufacturing sector, 0.81% in trade and 0.7% in construction.
In the financial sector non-performing assets made 0.02%. At the end of July 21 banks’ total assets stood at about 3 trillion drams. ($ 1 – 409.5 drams). SS -0
