{"id":104153,"date":"2016-12-13T11:28:03","date_gmt":"2016-12-13T11:28:03","guid":{"rendered":"https:\/\/armbanks.am\/2016\/12\/13\/245637\/"},"modified":"2024-12-15T13:26:56","modified_gmt":"2024-12-15T13:26:56","slug":"fitch-expects-moderate-recovery-in-domestic-credit-demand-in-armenia-in-2017","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/12\/13\/104153\/","title":{"rendered":"Fitch expects moderate recovery in domestic credit demand in Armenia in 2017"},"content":{"rendered":"<p><strong>YEREVAN, December 13. \/ARKA\/.<\/strong> Fitch international rating agency expects a moderate recovery in domestic credit demand in Armenia in 2017.<\/p>\n<p>In its \u20182017 Outlook: CIS and Georgian Banks\u2019 report, it has revised outlooks for Armenian banking system to Stable for 2017 from Negative in 2016.<\/p>\n<p>\u201cCredit growth was moderate at 6% in 2016, following contraction by 4% in 2015. We expect a moderate recovery in credit demand over 2017, supported by favorable macro trends, decreased pressure on the Armenian dram and a downward adjustment of market interest rates,\u201d Fitch says in its report.<\/p>\n<p>However, Fitch analysts think loan growth is likely to stay at single-digit level, constrained by weak asset quality, subdued household consumption affected by still falling remittances and high Central Bank mandatory reserve requirements.<\/p>\n<p>They expect some stabilization of asset-quality trends in 2017, as spill-over effects from external shocks have faded.<\/p>\n<p>The long-term maturity profile of external borrowing, mainly raised from IFIs and nonresident related parties, limits refinancing risk.<\/p>\n<p>According to the analysts, outlook for Armenian banks is sensitive to the performance of the domestic economy and the stability of the dram. &#8211;0&#8212;-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch international rating agency expects a moderate recovery in domestic credit demand in Armenia in 2017<\/p>\n","protected":false},"author":1,"featured_media":178776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12163,15645,319],"class_list":{"0":"post-104153","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-banks","11":"tag-fitch-2","12":"tag-319"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/104153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=104153"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/104153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/178776"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=104153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=104153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=104153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}