Mon, 8 September
31.1 C
Yerevan
USD: 382.77 RUB: 4.70 EUR: 447.46 GEL: 142.16 GBP: 515.90

Share of Armenian banks’ nonperforming assets shrinks to 6.2% by late 2016

YEREVAN, February 13. /ARKA/. The share of nonperforming and written-off assets of Armenia’s banks has shrunk to 6.2% by late 2016 hitting the record low, the Central Bank of Armenia reports.

Nonperforming assets were growing over the entire 2016 fluctuating between 8 and 9 percent.

The share of residents’ nonperforming and written-off assets was 6.13% in late 2016.

Consumer loans dominated nonperforming assets with 1.27 percent – their share has grown 0.74 percentage points since the beginning of the year.

Nonperforming assets in the processing industry made up 1.26% (0.16% growth) of the total nonperforming assets, assets in trade 0.86% (0.1% growth), in agriculture 0.52% (0.18% decline) and in construction 0.25% (0.2% decline).

The financial sector has no nonperforming assets.

The central bank says overdue loans amounted to AMD 31.9 billion in late 2016 after shrinking 15.6% since the beginning of the year.

Commercial banks’ assets totaled AMD 3 994.5 billion by the end of 2016. ($1 – AMD 486.66). —0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

Armenia to receive 45.3 million euros from ADB to improve healthcare quality

Armenia will receive 45.3 million euros from the Asian Development Bank (ADB) to improve healthcare quality, said First Deputy Minister of Health of the Republic of Armenia Lena Nanushyan during a meeting of the parliamentary standing committee on financial, credit and budgetary issues.

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.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img