Credit portfolio of Armenian banks’ branches in Nagorno-Karabakh falls by 1.5 percent to 9.6 billion drams

YEREVAN, February 6. / ARKA /. The credit portfolio of Armenian banks’ branches in Nagorno-Karabakh Republic (NKR) stood at 9.6 billion drams as of February 1, 2015, a 1.5% decrease from the year before, NKR National Statistical Service said. It said compared with the 2015 January, the portfolio was down by 2.7%.

Some 64.8% of the portfolio was loans in foreign currency, while the share of overdue loans was 2.1%.

As of February 1, 2015 the amount of bank deposits stood at 56 billion drams. The figure represented a 20.6% decline from 2014 February. When compared to January this year, the total amount of deposits in the branches was down 4.5%.

According to NKR National Statistical Service, 71.8% of deposits were term deposits, 19.2% were demand deposits and 9% were target deposits. ($ 1 – 477.46 drams). -0-

spot_img

POPULAR

Non-resident investment in dram bonds in Armenia has nearly doubled, Central Bank Board Member

A rather interesting picture of increased foreign investment is emerging in Armenia's capital market, said Armen Ktoyan, a member of the Board of the Central Bank of Armenia, in an interview with CivilNet.

Fitch Expects Central Bank of Armenia to Raise Refinancing Rate

International rating agency Fitch Ratings expects a temporary increase in the refinancing rate in Armenia.

Armenia to Receive $284.4 Million from IBRD to Provide Housing for IDPs from Artsakh and Develop the Mortgage Market

On Thursday, the Armenian government approved the ratification of a financial agreement and the approval of a grant agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for $284.4 million.

A young couple created a “honey planet” in Garni

Three years ago, young spouses Narek Sargsyan and Ruzanna Danielyan created their own "honey planet" in Garni—Bee Planet.

Central Bank of Armenia named five key factors influencing inflation

In an interview with CivilNet, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, listed five factors influencing inflation in the country.

LATEST NEWS

spot_imgspot_imgspot_img