Sat, 27 September
23.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Total credit portfolio of Armenian banks branches in Nagorno-Karabakh grew by 27 percent from the year to over 96 billion drams

STEPANAKERT, April 10. / ARKA /. The total credit portfolio of Armenian banks’ branches in Nagorno-Karabakh Republic (NKR) were 27 percent higher from the year before reaching 96.423.3 billion drams as of April 1, 2015.

According to the National Statistical Service of NKR, the total lending was 2.5% higher from March 2015. Loans in foreign currency accounted for  68% of the total portfolio and the share of overdue loans t was 1.1%.

As of April 1, 2015 the total amount of deposits in the branches stood at almost 57 billion, a 0.6% year-on-year rise and a 0.3% rise from 2015 March.

According to the National Statistical Service of NKR, 75.1% of the deposits were term deposits, 16.1% were demand deposits and 8.8% were the so-called target deposits.-0-

spot_img

POPULAR

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.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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.

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

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

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

LATEST NEWS

spot_imgspot_imgspot_img