Tue, 1 July
18.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Armenian banks’ overdue loans 2.8% up in December 2014 from previous month

YEREVAN, February 16. /ARKA/. Armenian commercial banks’ overdue loans were 2.8 percent up in December 2014 from the previous month, standing at 32.5 billion drams and accounting for 1.51% of all loans, the National Statistical Service (NSS) reported.

About 62.6% of overdue loans or about 20.4 billion drams were short-term loans.

At the same time, extended loans amounted to about 123.3 billion drams in the period, having increased by 9.1%. Of that amount about 53.1 billion drams were short term loans, according to the NSS.

Credit investments of the banks as of late December 2014 were said to have amounted to about 1,994.5 billion drams, a 6.6% increase from the previous month. Some 1,328.4 million drams were loans in foreign currencies.

As of December 2014, total loans of Armenian banks stood at about 2,150.3 billion drams, an increase of 6.7%. ($ 1 – 478.91 drams). –0–

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

LATEST NEWS

spot_imgspot_imgspot_img