Overdue loans at Armenia’s banks grow 3.3% in February to AMD 33.6 billion

YEREVAN, April 5. /ARKA/. Overdue loans at Armenia’s banks have grown 3.3% over February 2017 to AMD 33.6 billion, the National Statistical Service reports.

Short-term loans have shrunk 7.2% over one month to AMD 15.2 billion, while long-term loans have grown 14% to AMD 18.3 billion.

Loans with prolonged terms totaled AMD 104.3 billion in late February after growing 0.4% over the month.

According to the official statistical report, credit exposure totaled AMD 2 260.2 billion showing a 0.68 month-on-month growth. Loans in drams grew 0.25% to AMD 816.5 billion and loans in foreign currencies 0.9% to AMD 1 443.6 billion.

Aggregate lending has grown 0.7% to AMD 2 398.2 billion. ($1- AMD 483.83). –0—-

spot_img

POPULAR

Central Bank of Armenia does not expect a significant inflationary effect from the increase in excise taxes

Raising excise taxes on certain goods will not lead to significant inflationary consequences in Armenia, according to Central Bank Chairman Martin Galstyan.

Central Bank of Armenia maintains the refinancing rate at 6.5% for the fifth consecutive time

At its meeting on June 16, the Central Bank's Board left the refinancing rate unchanged at 6.5% for the fifth consecutive time, the regulator's press service reported.

”Teach For Armenia” is the June beneficiary of the ”Power of One Dram”

The May beneficiary of the ''The Power of One Dram'' initiative was the ''Vahe Meliksetyan'' Foundation.

Armenian authorities plan to reduce public debt to below 45% of GDP in the coming years: minister

Armenia plans to reduce public debt to below 45% of GDP in the coming years, Finance Minister Vahe Hovhannisyan announced in parliament.

Armenia to Raise Dividend Tax on Banks Starting in 2027

At its session on Thursday, the National Assembly of Armenia adopted amendments to the Tax Code and the RA Law "On State Duty" in the first reading.

LATEST NEWS

spot_imgspot_imgspot_img