YEREVAN, November 1. /ARKA/. Financial indicators remained sound, registering marginal changes in capital adequacy and profitability, the World Bank’s says in its ‘Armenia Monthly Economic Update – October 2023.
It says the capital adequacy ratio increased marginally by 0.1 percent (mom), to 20.2, while the ratio of non-performing loans (NPLs) marginally decreased from 2.9 in July to 2.8 percent in August. Return to assets also increased slightly from 3 percent in July to 3.1 percent in August. In August, banking credits and deposits grew by 1.6 percent and 2.1 percent (mom), respectively, both in nominal terms, and driven mostly by increases in AMD-denominated credit and deposits that would contribute to dedollarization. -0-
