Fri, 13 June
20.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

NPLs account for about 6% of Armenia’s bank portfolio – UBA

YEREVAN, May 13. /ARKA/. The share of non-performing loans (NPL) in the portfolios of Armenian banks has not changed significantly in the first quarter of this year, fluctuating within the range of 6%, the executive director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Friday.

“In a sense, the portfolios have improved because all the necessary write-offs have already been made, and the current amount of non-performing loans – about 6 percent – is quite low compared to other countries,” he said.

The Chairman of the Central Bank Martin Galstyan stated at the beginning of May this year that the quality of the loan portfolio of Armenian banks has improved.

According to the UBA, the lending of Armenian banks in the first quarter of 2022 amounted to about AMD 4.1 trillion, having increased by 3.1% or by AMD 123, and decreased by 0.7% or by AMD 27 billion compared to the first quarter of 2021. ($1 – 455.94 drams) -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

In 2025, income tax refund will not exceed 100 billion drams – SRC head

In 2025, the income tax refund will amount to 100 billion drams - approximately 95 billion drams, said Chairman of the State Revenue Committee of Armenia Eduard Hakobyan.

Investment opportunities in Armenia discussed by Finance Minister and new ADB President

YEREVAN, May 12. /ARКА/. Finance Minister Vahe Hovhannisyan discussed investment opportunities in Armenia and the region, as well as reforms aimed at stimulating economic growth, with newly appointed Asian Development Bank (ADB) President Masato Kanda.

Armenia hosts the largest wine festival in the region for the fifth time with the support of Acba Bank (VIDEO)

For the fifth time, with the support of Acba Bank, Yerevan is hosting the most anticipated event of the first week of June — the Yerevan Wine Days festival, which tells the world about the unique and thousand-year-old traditions of Armenian winemaking, the bank’s press service reports.

LATEST NEWS

spot_imgspot_imgspot_img