Armenian banks’ loan portfolios in 2023 amounted to AMD 5.15 trillion

YEREVAN, January 26. /ARKA/. The total volume of loans issued by Armenian banks in 2023 amounted to AMD 5.15 trillion, up from  AMD 4.21 trillion issued a year earlier, according to  the Central Bank.

The volume of loans provided to residents amounted to AMD 4.88 trillion (AMD 4 trillion in 2022), and to non-residents – to AMD 269.8 billion (AMD 204.5 billion in 2022).

Some AMD 3.21 trillion loans provided to residents were AMD loans and the equivalent of AMD 1.67 trillion were loans in foreign currencies. Non-residents were granted AMD 104.1 billion worth of  credits, while the volume of foreign currency credits amounted to the equivalent of AMD 165.7 billion.

Also, the undistributed accumulated profit of the Armenian banks in  2023 amounted to 176,7 billion drams against 238.3 billion drams in  2022.

The total assets of Armenian banks amounted to AMD 9.2 trillion against AMD 8.4 trillion in 2022.

Their total liabilities  reached AMD 7.8 trillion against AMD 7.1 trillion a year earlier.

Total capital of the banks grew to AMD 1.4 trillion vs. AMD 1.2 trillion in  2022. ($1 – AMD 404.21) -0-

spot_img

POPULAR

Armenia to Raise OSAGO Payout Limits on April 1 – Reason Given

In Armenia, maximum payout limits for compulsory motor third-party liability insurance (OSAGO) will increase on April 1, 2026.

Armenia’s public debt-to-GDP ratio in 2025 was 47.3% – Finance Ministry

The public debt-to-GDP ratio by the end of 2025 is 47.3%, below the target of 50%, stated Armenian Finance Minister Vahe Hovhannisyan.

Armenia’s risk premium increased amid events in the Middle East – Galstyan

The risk premium in Armenia has increased slightly due to events in the Middle East, although not as much as in other countries in the region and beyond, stated Martin Galstyan, head of the Central Bank of Armenia.

Armenia has introduced a new model for assessing public debt sustainability

Armenia has introduced a new model for assessing public debt sustainability, while maintaining the previous ones.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (March 16-22)

The past week in Armenia's financial market saw little change, with monetary policy parameters maintained, updated banking data published, and external and fiscal risks clarified.

LATEST NEWS

spot_imgspot_imgspot_img