YEREVAN, February 24. /ARKA/. In December, commercial bank deposits and credits in Armenia grew 4.6 and 3.9 percent (mom), respectively, both driven by AMD-denominated funds, according to ‘Armenia Monthly Economic Update – February 2024’.
Exchange rate adjusted deposits grew 14.3 percent (yoy) in December, and credits rose 24.5 percent (yoy).
Financial indicators remained sound in December, with the Capital Adequacy Ratio at 20.2 percent. The Nonperforming Loans ratio stayed low at 1.2 percent and return on assets remained at 4.3 percent.
The total volume of loans issued by Armenian banks as of December 2024 amounted to AMD 6.4 trillion against approximately AMD 6.15 trillion in November of the same year and AMD 5.15 trillion in December 2023.
The total volume of deposits attracted by Armenian banks in December 2024 amounted to AMD 6.46 trillion against AMD 6.18 trillion in November of the same year and AMD 5.68 trillion in December 2023. ($1 – AMD 393.9) -0-.
