Tue, 29 April
14.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

The share of non-performing loans of Armenian banks fluctuates within 5-6%

YEREVAN, August 26. /ARKA/. The share of non-performing loans in the portfolio of Armenian banks in the first half of this year fluctuated within 5-6%, Seyran Sargsyan, the Executive Director of the Union of Armenian Banks (UBA), told a news conference today.

‘It’s a rather variable indicator and there are no significant changes,” 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  improved in 2021.

According to UBA, the loan portfolio of Armenian banks in the first half of 2022 increased by 28 billion drams or 0.7%, amounting to about AMD 3.99 trillion. Compared to the first quarter of this year, the lending was down  3.1% or 127 billion drams. ($1 – 404.82 drams) -0-

spot_img

POPULAR

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Armenia Enters Top 10 Countries in the World with Lowest Inflation in 2024 – IMF

Armenia was among the top 10 countries in the world with the lowest annual inflation in 2024. Such data is provided in an IMF study on 156 countries.

In Armenia, remittances have begun to recover after a 35% decline in 2024

On the demand side, average real wages in Armenia have increased in 2025, and net money transfers have shown an upward trend, contributing to consumption growth, according to the World Bank's Armenia Monthly Economic Update – April 2025.

Instruments for supporting SMEs in Armenia were discussed with bankers at the Ministry of Economy

Financial instruments for supporting small and medium-sized businesses (SMEs) were discussed by Deputy Minister of Economy of Armenia Lilia Sirakanyan and bank representatives.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

The Armenian Parliamentary Committee on Financial, Credit and Budgetary Affairs gave a positive conclusion at its meeting on Friday on the ratification of the agreement on the investment grant for the "Second Yerevan Energy Efficiency Program" in the amount of EUR 10.1 million.

LATEST NEWS

spot_imgspot_imgspot_img