Sat, 15 February
0.1 C
Yerevan
USD: 396.51 RUB: 4.36 EUR: 414.95 GEL: 140.05 GBP: 498.65
spot_img

Loans issued by Armenian commercial banks exceeded 4.2 bln drams as of late February 2023

YEREVAN, April 11. /ARKA/. The credit portfolio of Armenia-based commercial banks in late February 2023 stood at 4.2 bln drams, up from 4.17 bln drams in January 2023, according to the National Statistical Committee (NSC).

It said the amount of lending totaled about 4.03 billion drams (96.0% of the total credit portfolio), up from about 4 billion drams in January, while the volume of deferred loans stood at 155.4 million drams (3.69%), down from about 161.3 million drams in January.

Also, overdue loans  were worth about 12.8 million drams (0.31%) against 10.2 million drams in January.

The volume of loans issued in foreign currency amounted to the equivalent of about 1 bln. 418 million drams (33.72%), up from  1 bln. 412 million drams in January, while the volume of loans in drams amounted to  about 2.62 billion drams (62.29%) against about 2.59 billion drams in January.

The volume of loans (including factoring, leasing operations and repo agreements) issued by banks to non-residents by the end of February totaled 213.3mln drams, down from  226.3mln drams in January, while the volume of loans to residents stood at 4.06bln drams against 4.02 bln drams in January.

The volume of dram loans to residents amounted to some 2.62 bln drams against 2.59 bln drams in January, and the volume of foreign currency loans amounted to the equivalent of 1.44 bln drams against 1.43 bln drams in January.

The volume of loans issued by credit organizations at the end of February totaled 268 million drams against 267 million drams in January.

The amount of loans to non-residents totaled 11.8 mln drams against 11.4 mln drams in January, while the amount of loans to residents totaled 256.3 mln drams against 255.3 mln drams in January.

The dram loans to residents amounted to 189 million drams against 186.3 million drams in January, and foreign currency loans amounted to the equivalent of 67.2 million drams against 69.1 million drams in January.

In February, the interest rate on loans provided by commercial banks was 11.82% (11.76% in January). The rate on repo deals of the Central Bank was 10.75%. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Viva Armenia Issues its First Bonds Worth $80 Million

Viva Armenia CJSC announces the issuance of nominal, coupon paying bonds. The company has issued dollar-denominated bonds with a total face value of $80 million. The underwriter for these bonds is Ameriabank.

Euro jumps 2.28 points to AMD 411.39

The average market exchange rate of the U.S. dollar to the Armenian dram on February 12, 2025, totalled 396.56 drams, having risen by 0.02 points compared to February 11.

‘Bad’ loan assistance program launched in Armenia: 1000 applications already submitted

A scheme designed by the Armenian government to support citizens with bad loans started  on February 1 with 1000 beneficiaries having already submitted online applications,  Deputy Minister of Labor and Social Affairs David Khachatryan said today.

III Capital Markets Armenia to Be Held in Yerevan

On March 20, the annual III Capital Markets Armenia conference—one of the key events for the financial and investment community in the region—will take place at the Marriott Hotel, Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img