Combined credit portfolio of Armenian banks’ branches in Nagorno-Karabakh 2.6% higher from a year before

STEPANAKERT, January 13. /ARKA/. On January 1, 2016 the combined credit portfolio of Armenian banks’ branches operating in the Nagorno-Karabakh Republic (NKR) were by 2.6% higher from a year before standing at 100.1 billion drams.

According to the NKR National Statistical Service, the overall lending was by 9.9% higher from the previous month. It said also 72.7% of the portfolio were loans in foreign currency. The share of overdue loans was 1%.

As of January 1, 2016, the amount of private deposits was by 4.6% higher from a year before standing at 61.4 billion drams. About 72.3% of deposits were term deposits, 18.8% were demand deposits and 8.9% were special deposits. -0-

spot_img

POPULAR

Armenian Audit Firm Revenue Increased by 18% to AMD 16.2 Billion in 2025

At the end of 2025, the total revenue of audit firms (a combination of audit and other services) in Armenia amounted to approximately AMD 16.2 billion, representing an increase of approximately 18% compared to the previous year.

Unibank provided cashback to more than 2 000 reliable SME borrowers

In the first quarter of 2026, Unibank’s SME loan portfolio increased by 28% compared to the same period last year.

Assets of Armenian credit institutions increased by 11.87% to 882.4 billion drams in the first quarter of 2026

The total assets of Armenia's credit institutions as of March 31, 2026, amounted to 882.4 billion drams, an increase of 11.87% compared to March 31, 2025. This is evidenced by the consolidated financial report of the country's credit institutions.

Armenia’s total public debt exceeded $14 billion as of March 2026

Armenia's total public debt as of March 31, 2026, amounted to $14,077.138 million, a decrease of $57.761 million compared to February 28, 2026. This is according to a report by the National Statistical Committee of Armenia.

Grant Akopian has been elected to the AmCham Board

Grant Akopian, CEO and Chairman of the Management Board of Converse Bank CJSC was elected as the AmCham Board member on April 29.

LATEST NEWS

spot_imgspot_imgspot_img