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Loan portfolio of Armenian banks’ branches in Karabakh grows 17.3% to AMD 89186.8 million by November 1

YEREVAN, November 6. /ARKA/. The aggregate loan portfolio of Armenian banks’ branches operating in Nagorno-Karabakh Republic’s territory grew 17.3% over the first ten months of this year, compared with the same period a year before, reaching AMD 89186.8 million by early November.

The National Statistical Service of the Nagorno-Karabakh Republic says their loan portfolio grew 2.2%, compared with the previous month.

According to the statistical report, loans extended in foreign currencies made up 68.9% of the loan portfolio, and the share of overdue loans here was 1%.

The deposits at Armenian banks’ branches in Nagorno-Karabakh Republic totaled AMD 58467.4 million in early November showing a 6.9% year-on-year growth and a 0.2% month-on-month growth.

Time deposits made up 72.4% of the total deposits at these banks’ branches, demand deposits 18.6% and purpose-oriented deposits 9%. —0—-

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