{"id":107676,"date":"2017-05-19T07:46:28","date_gmt":"2017-05-19T07:46:28","guid":{"rendered":"https:\/\/armbanks.am\/2017\/05\/19\/246310\/"},"modified":"2024-12-15T13:29:25","modified_gmt":"2024-12-15T13:29:25","slug":"armenia-based-banks-increase-reserves-for-possible-credit-losses-by-22-7-to-102-7-billion-drams","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2017\/05\/19\/107676\/","title":{"rendered":"Armenia-based banks increase reserves for possible credit losses by 22.7% to 102.7 billion drams"},"content":{"rendered":"<p><strong>YEREVAN, May 19. \/ARKA\/<\/strong>. In the first quarter of 2017 Armenia-based commercial banks increased their reserves for possible credit losses by 18.9 billion drams or 22.7% from the year before to 102.7 billion drams, according to ARKA news agency\u2019s financial and economic bulletin &#8220;Banks of Armenia&#8221; (performance indicators for the first quarter of 2017).<\/p>\n<p>Compared to the beginning of 2017 the reserves increased by 5 billion drams or 5.21%.<\/p>\n<p>The top five banks by size of reserves for possible credit losses were VTB Bank (Armenia), ACBA-CREDIT AGRICOLE BANK, HSBC Bank Armenia, Ameriabank and Ardshinbank.<\/p>\n<p>The reserves of the VTB Bank (Armenia) at the end of March amounted to 23 billion drams, an increase of 77.8% over the year; however, they were 5.6% down from the beginning of the year.<\/p>\n<p>ACBA-CREDIT AGRICOLE BANK\u2019s reserves amounted to 17.5 billion drams (an increase of 94.2% and 3.81% respectively), the reserves of HSBC Bank Armenia stood at 10.7 billion drams (an increase of 68.63% and a decline of 6.81% respectively), Ameriabank\u2019s reserves were worth 9.6 billion drams (an increase of 68.8% and 11.5% respectively) and Ardshinbank\u2019s reserves grew to 6.9 billion drams (an increase of 1.4% and 21.37% respectively).<\/p>\n<p>In the first quarter of 2017, the share of reserves in the credit portfolio of the banking sector increased to 4%. The highest share of reserves in the loan portfolio had Byblos Bank Armenia (17.65%), VTB Bank (Armenia) (16.98%), ACBA-CREDIT AGRICOLE BANK (9.89%), HSBC Bank Armenia (8.94%) and Mellat Bank (6.61%). ($ 1 &#8211; 483.86 drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first quarter of 2017 Armenia-based commercial banks increased their reserves for possible credit losses by 18.9 billion drams or 22.7% from the year before to 102.7 billion drams<\/p>\n","protected":false},"author":1,"featured_media":164063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12163,14455,12607,309],"class_list":{"0":"post-107676","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-credit-losses","12":"tag-reserves","13":"tag-309"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/107676","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=107676"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/107676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/164063"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=107676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=107676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=107676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}