Overdue loans at Armenia’s banks shrink 0.6% in July 2016

YEREVA, September 1. /ARKA/. Overdue loans at Armenia’s banks shrank 0.6% in July 2016, compared with the previous month, to AMD 46.1 billion, the National Statistical Service reports.

Loans with short-term delay in repayment reduced 9.6% over one month to 20.8 billion, while loans with long-term delay grew 8.3% to 25.2 billion.

According to the statistical report, loans with prolonged terms shrank 3.6% to AMD 114.7 billion.

Credit exposure grew 0.3% to AMD 2 012.5 billion – loans in foreign currencies grew 0.7% to AMD 1 333.8 billion and in drams reduced by 0.4% to AMD 678.7 billion.

The aggregate loan portfolio of Armenia’s banks amounted to AMD 2 173.2 billion in late May (0.1% growth). ($1 – AMD 474.73). -0—-

spot_img

POPULAR

VTB (Armenia) Develops Telemarketing as a Modern Remote Service Channel

VTB (Armenia) is developing its telemarketing strategy, taking remote banking to a new level.

Collapse of the US currency market could negatively impact Armenia – Central Bank

A collapse of the US currency market could negatively impact the Armenian market, stated Martin Galstyan, Governor of the Central Bank of Armenia.

Euro and dollar exchange rates against the Armenian dram have increased again, while the ruble has weakened again: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 2, 2026, increased by 0.18 points compared to June 1, reaching 368.53 drams.

Armenia’s insurance market is undervalued but has significant growth potential: Deputy Governor of the Central Bank

Armenia's economy maintains high growth rates and macroeconomic stability, creating a favorable environment for insurance development, said Deputy Governor of the Central Bank of Armenia Armen Nurbekyan.

Customer Appreciation Day in Gyumri: IDBank

This time, IDBank’s Customer Appreciation Day, filled with surprises and gratitude, was held at the Bank’s Gyumri branch. Bringing this now traditional event to the regions is part of the Bank’s commitment to staying closer to its customers.

LATEST NEWS

spot_imgspot_imgspot_img