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

Unibank Issues AMD and USD Bonds with Annual Coupon Rates of 10.3% and 6%

Unibank has issued bonds denominated in AMD and USD, with annual coupon rates of 10.3% and 6%, respectively.

Armenian Government Approves 2027 State Budget Draft

At its meeting on Thursday, the Armenian government approved the draft law "On the State Budget of the Republic of Armenia for 2027," which will be submitted to the National Assembly in accordance with established procedure.

4.3% inflation recorded in Armenia in September

Armenia’s Statistical Committee reports that 12-month inflation in the country's consumer market stood at 4.3% in September of this year.

Central Bank of Armenia has issued a warning regarding illegal activities of credit organization My Fin UCO

The Central Bank of Armenia has issued a warning to the public regarding a company operating on Facebook under the name "My Fin UCO," which offers lending services without the appropriate regulatory license.

Exchange rates of the euro, ruble, and dollar against the Armenian dram continued to decline – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, established on Armenia's currency market, fell by 0.74 points on October 5 compared to October 2, settling at 361.81 drams.

LATEST NEWS

spot_imgspot_imgspot_img