Loans and deposits of Armenian commercial banks grew in July, mainly due to dram funds – WB

Banks
финансы, деньги, валюта, драм
финансы, деньги, валюта, драм

YEREVAN, September 25 /ARKA/. Deposits and loans of commercial banks in Armenia increased by 1.6% (m/m) and 2% (m/m) in July, mainly due to dram funds, according to the World Bank’s “Armenia Monthly Economic Update – September 2024”.

“Financial performance remained stable, with a capital adequacy ratio (CAR) of 20.3%, a low non-performing loan ratio (1.2%) and a reported return on assets of 4.5%,” the study noted. -0-

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