Reserves at Armenia’s banks for possible losses on loans total AMD 147.7 billion in 2018

YEREVAN, February 15. /ARKA/. Reserves at Armenia’s banks for possible losses on loans totaled AMD 147.7 billion in 2018 – 6.12% or AMD 8.5 billion more than in 2017, according to the figures from the fresh issue of ARKA News Agency’s ‘Banks of Armenia’ Bulletin.

Unibank, VTB Bank (Armenia), Ameriabank, Ardshinbank and Armbusinessbank are topping the news agency’s ranking.

Unibank’s reserves amounted to AMD 37 billion in 2018 showing a 13.76 growth, and its share in banks’ aggregate reserves was 27.8%.

VTB Bank (Armenia) accounted for reserves totaling AMD 35.9 billion, 13.2% and 21.58% respectively, Ameriabank for AMD 15.9 billon, 37.46% and 2.91%, Ardshinbank for AMD 9.5 billion, 90% and 2% and Armbusinessbank for AMD 8.3 billion, 48.57% and 1.91%.

In 2018, the aggregate loan portfolio of banks of Armenia amounted to AMD 3 071.3 million with a 16.25% growth. ($1- AMD 487.99). -0—-

YEREVAN, February 15. /ARKA/. Reserves at Armenia’s banks for possible losses on loans totaled AMD 147.7 billion in 2018 – 6.12% or AMD 8.5 billion more than in 2017, according to the figures from the fresh issue of ARKA News Agency’s ‘Banks of Armenia’ Bulletin.

Unibank, VTB Bank (Armenia), Ameriabank, Ardshinbank and Armbusinessbank are topping the news agency’s ranking.

Unibank’s reserves amounted to AMD 37 billion in 2018 showing a 13.76 growth, and its share in banks’ aggregate reserves was 27.8%.

VTB Bank (Armenia) accounted for reserves totaling AMD 35.9 billion, 13.2% and 21.58% respectively, Ameriabank for AMD 15.9 billon, 37.46% and 2.91%, Ardshinbank for AMD 9.5 billion, 90% and 2% and Armbusinessbank for AMD 8.3 billion, 48.57% and 1.91%.

In 2018, the aggregate loan portfolio of banks of Armenia amounted to AMD 3 071.3 million with a 16.25% growth. ($1- AMD 487.99). -0—-

spot_img

POPULAR

Central Bank of Armenia warns of a new wave of telephone fraud

The Central Bank of Armenia has warned citizens of a new wave of telephone fraud.

Euro and dollar exchange rates against the Armenian dram rose, while the ruble weakened slightly: 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 May 29, 2026, increased by 0.13 points compared to May 27, reaching 368.18 drams.

Dram-pegged stablecoins will significantly reduce cross-border payment costs – Galstyan

Stablecoins pegged to the Armenian dram will allow the population to make domestic payments and significantly reduce cross-border payment costs, stated Martin Galstyan, head of the Central Bank of Armenia, in response to a question from ARKA news agency.

“We are switching you to 5G, type a command”: IDBank warns about a fraud disguised as a “network update”

Amid the active expansion of fifth-generation mobile networks in Armenia, a rise in fraud activity has been recorded. Scammers, posing as employees of telecommunications companies, offer to “upgrade settings” or “activate 5G” using phone commands.

VTB (Armenia) Offers Package Offer for Sole Proprietors

VTB (Armenia) has launched a package offer for sole proprietors, including a current account, a business card, and a remote banking system.

LATEST NEWS

spot_imgspot_imgspot_img