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

Armenian banks’ loan portfolio in Q1 amounted to AMD 8.01 trillion, an increase of over 22%

As of March 31, 2026, the total loan portfolio of Armenian banks stood at AMD 8.01 trillion, marking a 22.63% rise compared to March 31, 2025, and a 4.05% increase from December 31, 2025.

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

IMF Improves Armenia’s GDP Growth Forecast to 5.3% in 2026

The International Monetary Fund (IMF) forecasts real GDP growth for Armenia at 5.3% in 2026 and 5.5% in 2027, according to the April World Economic Outlook, published on April 14.

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

Unibank issues USD bonds with a 5.6% yield

Unibank announces a new issue of USD bonds in the amount of 5 million USD.

LATEST NEWS

spot_imgspot_imgspot_img