YEREVAN, January 29. /ARKA/. Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.
It says exchange rate-adjusted deposits grew 10.4 percent (yoy) in November, and credits rose 22.1 percent (yoy).
Financial indicators remained sound in November. The Capital Adequacy Ratio (CAR)fell 0.1pp, to 20.4 percent. The Non-performing Loans (NPL) ratio remained low, at 1.2 percent, and return on assets fell slightly to 4.3 percent, down from 4.5 percent in October
According to the Central Bank of Armenia, total deposits in Armenian banks in November 2024 amounted to 6.18 trillion drams against 6.04 trillion drams in October of the same year and 5.52 trillion drams in November 2023.
The loans extended by Armenia’s banks in November 2024 amounted to AMD 6.15 trillion against approximately AMD 6 trillion in October of the same year and AMD 5.06 trillion in November 2023. ($1 – AMD 398.27) -0-.
