Credit portfolio of Armenian banks’ branches in Nagorno-Karabakh grow by 17 percent to 88.4 billion drams

STEPANAKERT, July 3. / ARKA /. The total credit portfolio of Armenian commercial banks’ branches in Nagorno-Karabakh stood at about 88.4 billion drams as of July 1, having increased by 17.3% year-on-year, NKR Statistical Service said. It said also the growth from the previous month was 0.4%.

Some 68.3% of the lending was in foreign currency, while the share of overdue loans was 1.2%.
As of July 1, 2015 the branches had 56.2 billion drams worth deposits, by 2.6% more from the same period of 2014. Compared with 2015 June they were down by 0.6%.

Some 72.8% of the deposits were term deposits, 18.2% were demand deposits and 9% were special purpose deposits.-0-

spot_img

POPULAR

Euro, dollar, and ruble exchange rates against the Armenian dram continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, decreased by 0.12 points on September 2, 2026, compared to September 1, to 364.14 drams.

Armenia approves €80 million loan agreement with OPEC Fund

At a meeting on Thursday, the Armenian government approved a draft loan agreement with the OPEC Fund for €80 million as part of the "Armenia Economic Transformation Program."

EDB forecasts inflation in Armenia at 4.4% by the end of 2026

Inflation in Armenia will reach 4.4% year-on-year by the end of 2026, according to the Eurasian Development Bank (EDB).

Unibank Launches a New Promotion “U-Teenager”: Grand Prize — a Summer Course at One of the Top Universities Abroad

Unibank has launched a new promotion for Arca U-Teenageр cardholders, with the grand prize of AMD 1 500 000 to participate in a summer educational program at one of the leading universities abroad.

“Unisport” Advances to the Main Round of the UEFA Futsal Champions League

Armenian champions and cup winners "Unisport" have secured a place in the main round of the UEFA Futsal Champions League after recording three consecutive victories in the preliminary round of the tournament.

LATEST NEWS

spot_imgspot_imgspot_img