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

Euro to Armenian dram exchange rate continued to decline, while the dollar and ruble rose: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 14, 2026, rose by 0.15 points compared to May 13, to 368.78 drams.

Chairman of Central Bank: Interest rates on loans for bona fide SMEs may decrease by 1-1.5%

The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.

Assets of Armenian credit institutions increased by 11.87% to 882.4 billion drams in the first quarter of 2026

The total assets of Armenia's credit institutions as of March 31, 2026, amounted to 882.4 billion drams, an increase of 11.87% compared to March 31, 2025. This is evidenced by the consolidated financial report of the country's credit institutions.

Deposits in Armenian commercial banks exceeded 7.5 trillion drams at the end of March

Deposits in commercial banks in Armenia at the end of March 2026 amounted to 7,581,163 million drams, compared to 7,418,404 million drams in February. This is according to data from the Statistical Committee.

IDBank supports the Opening Event of Wizz Air’s “Let’s Get Lost” Campaign

Participants of the latest edition of Wizz Air’s “Let’s Get Lost” campaign — travelers who boarded a flight without knowing their final destination — have arrived in Yerevan, Armenia.

LATEST NEWS

spot_imgspot_imgspot_img