Sat, 5 April
13.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Share of non-performing assets of banks rises to over 9 percent

YEREVAN, April 11. /ARKA/. The share of non-performing and written off assets of the Armenian banks grew to 9.18% at the end of February 2016, reaching the highest level since the beginning of 2015, the Central Bank said.  In 2015, the share of non-performing assets of commercial banks showed a mixed trend, ranging from 6.18% to 8.23%.

The share of non-performing assets began to rise since the beginning of 2016. For example, by late January 2016 it rose to 7.95% from 6.98% in late December. In February 2016, it increased further by 1.23% to 9.18%.

Consumer loans constituted the largest share of non-performing assets of banks at the end of February -1.79%. Non-performing banking assets in the manufacturing sector during the reporting month increased by 0.24% to 1.46%. Their share in trade upped by 0.25% to 1.31%. In agriculture they rose by 0.2% to 0.9% and in construction they grew by 0.24% to 0.80%. There were no non-performing assets in the financial sector.

The total volume of assets of all commercial banks in late February 2016 stood at about 3.5 trillion drams.  ($ 1 – 483.48 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img