Combined amount of credit portfolios of Armenian banks’ branches in NKR drops by 16.7%

STEPANAKERT, February 17. /ARKA/. As of February 1, 2016 the combined amount of credit portfolios of Armenian banks’ branches in the Nagorno-Karabakh Republic (NKR) stood at 79.6 billion drams, a drop of 16.7% compared to the same period of 2015.

According to NKR National Statistical Service, when compared to 2016 January, the drop amounted to 21%. It also said about 64.5% of the portfolios were foreign currency loans and the share of overdue loans amounted to 1.2%.

As of February 1, 2016 the total amount of deposits attracted by these branches was worth about 67.4 billion drams. This indicator was 20.2% higher from the same period of time in 2015 and when compared to 2016 January the figure was up 9.8%.

According to the NKR National Statistical Service, some 75.6% of deposits were term deposits, 16.2% were demand deposits and 8.2% were special deposits.-0-

spot_img

POPULAR

Idram is the general partner of the “Towards Conscious Parenting 2026” annual conference     

Idram and the "Parenting Community" NGO are collaborating for the second year in a row, aiming to support families and contribute to shaping a more conscious and financially literate generation.  

Non-resident investment in dram bonds in Armenia has nearly doubled, Central Bank Board Member

A rather interesting picture of increased foreign investment is emerging in Armenia's capital market, said Armen Ktoyan, a member of the Board of the Central Bank of Armenia, in an interview with CivilNet.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market as of July 7, 2026, remained unchanged at 367.47 drams.

Inflation of 5.1% recorded in Armenia in June

In the Armenian consumer market, 12-month inflation in June of this year amounted to 5.1%, according to a report from the Statistical Committee of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img