Tue, 28 October
7.1 C
Yerevan
USD: 382.70 RUB: 4.81 EUR: 445.50 GEL: 140.80 GBP: 510.64

Share of nonperforming assets at banks in Armenia reaches 8.23% by late June 2015

YEREVAN, August 19. /ARKA/. The share of nonperforming and written-off assets at banks in Armenia reached 8.23% in late June 2015 after growing 0.04 percentage points over that month and 2.05 percentage points since the beginning of this year, the Central Bank of Armenia says on its website.

According to the central bank, the share of residents’ nonperforming and written-off assets here was 7.99%.

Consumer loans’ share and the trade lending share were biggest in late June – 1.88% and 1.7% respectively.

The share of nonperforming assets in construction sector was 0.84%, in processing industry 0.79%, in agriculture sector 0.69% and in leisure and catering sector 0.61%. The mortgage lending share was 0.57%.

Commercial banks’ assets totaled AMD 3 239.1 billion in late June 2015.

There were 21 registered commercial banks in Armenia in June 2015. ($1 – AMD 477.62). –0–

spot_img

POPULAR

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img