Tue, 9 September
23.1 C
Yerevan
USD: 382.77 RUB: 4.70 EUR: 447.46 GEL: 142.16 GBP: 515.90

Idle assets of Armenia’s commercial banks hit 6.15% at end 2014

YEREVAN, March 18. /ARKA/. The portion of idle and written- off assets rose by 2.14 percentage points to 6.15% in Armenia as of the end of 2014 compared to 2013, the Central Bank reported.

According to the central bank, idle and written- off assets of Armenian residents accounted for 5.94%.

Trade accounted for the highest share of the idle assets – 1.06% (increase of 0.38 percentage points), as of the end of 2014.

At the same time, construction accounted for 0.87% of the idle assets (increase of 0.42 p.p.), processing industry for 0.61% (increase of 0.05p.p.) and agriculture for 0.55% (increase of 0.38p.p.).

The share of public catering in the idle assets was 0.41% in the period (increase of 0.24p.p.), that of mortgage loans was 0.40% (increase of 0.1p.p.). Other sectors accounted for 0.49% of the idle assets (increase of 0.31p.p.). The share of consumer loans was 0.04% in December 2014, compared to 1.08% in December 2013.

Total assets of Armenia’s commercial banks were about 3,410.9 billion drams as of the end of December 2014.

There were 21 commercial banks operating in Armenia at the end of 2014. ($1 – 479.74 drams). –0–

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

ACBA Federation promotes rural tourism in Armenia: the success story of Manana guest house (video)

Four years prior, Astghik Ghazaryan, a professional educator, established the Manana guest house in her hometown of Marmarik.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img