Mon, 9 June
28.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Non-performing loans in Armenian banks decrease by 0.4 percentage points in 2016 May

YEREVAN, July 12. /ARKA/. The share of non-performing loans in commercial banks of Armenia decreased by 0.4 percentage points in 2016 May from the previous month to 9.8%, the Central Bank said.

The share of non-performing loans began to rise from the second half of 2014, surging in December to 7% from 5-6%. The rise was prompted, in particular, by financial shocks stemming from sharp devaluation of the dram. The trend continued into 2015 as well.

From February to April 2016 the share of non-performing loans in commercial banks reached its maximum over the last 6 years. In April 2016, their share in total loan portfolio reached 10.2%.

According to the National Statistical Service, the overdue loans of Armenian banks increased by 1.7% in 2016 May from April to 47.1 billion drams. The share of short-term overdue loans fell by 7% to 23.6 billion drams, while that of long-term loans increased by 10.9% to 23.5 billion drams.

Credit investments increased by 0.11% in May to 1.988.6 trillion drams. At present, there are 20 banks operating in Armenia. — 0-

spot_img

POPULAR

Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

Euro exchange rate increases by 0.87 points to 433.28 AMD

The average market exchange rate of the U.S. dollar to the Armenian dram on April 10, 2025, decreased by 0.7 points compared to April 9 and amounted to AMD 391.08.

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Central Bank leaves refinancing rate unchanged taking into account high uncertainty in US economic policy

The Central Bank of Armenia decided today to leave the refinancing rate unchanged at 6.75% taking into account a set of factors such as  the continued high uncertainty surrounding the US economic policy, declining confidence in the global economy, growth slowdown and  a possible  weakening demand in Armenia, the head of the regulator Martin Galstyan said at a press conference on Tuesday.

LATEST NEWS

spot_imgspot_imgspot_img