YEREVAN, October 13. /ARKA/. Non-performing and written-off assets of Armenian commercial banks grew to 6.73% in late August, according to the Central Bank. Some 6.36% were assets held by Armenian residents, it said.
The manufacturing sector accounted for the largest share of non-performing assets at the end of the reporting period – 1.19%. Consumer loans came in second with 1.22%. The share of non-performing assets in the trade sector stood at 0.94%, in the agricultural sector – at 0.72%, in the food industry – at 0.7% and in mortgage loans – at 0.39%.
The combined amount of commercial banks’ assets at the end of August 2017 was worth 4.104.4 trillion drams. ($ 1 – 480.99 drams). -0-
