{"id":108699,"date":"2017-07-10T15:15:15","date_gmt":"2017-07-10T15:15:15","guid":{"rendered":"https:\/\/armbanks.am\/2017\/07\/10\/246496\/"},"modified":"2024-12-15T13:30:03","modified_gmt":"2024-12-15T13:30:03","slug":"share-of-non-performing-loans-in-armenia-doesnt-exceeds-7-5-percent","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2017\/07\/10\/108699\/","title":{"rendered":"Share of non-performing loans in Armenia doesn\u2019t exceeds 7.5 percent"},"content":{"rendered":"<p><strong>YEREVAN, July 10. \/ARKA\/.<\/strong> The share of non-performing loans in Armenia doesn\u2019t exceeds 7.5 percent, Arthur Javadyan, head of the central Bank of Armenia said Friday at an extraordinary session of the National Assembly.<\/p>\n<p>In his words, this is the lowest indicator, compared with other countries of the region and with some developed European countries.<\/p>\n<p>Assets of Armenia\u2019s banking sector total AMD 4 trillion, according to the latest reports, and credit exposure amounts to AMD 2.5 trillion.<\/p>\n<p>\u201cThere are also certain assets accumulated in the system, but we conduct careful inspections,\u201d<br \/>\nJavadyan said. \u201cNon-performing assets should be written off once in every six months, otherwise this will shrink capital and bring problems to banks. In this case, shareholders have to inject more resources, what not always is beneficial, or to sell assets.\u201d<\/p>\n<p>Speaking about international loans, Javadyan pointed out the widespread wrong opinion that they dominate total assets saying that, in fact, they don\u2019t exceed 9%, and the remaining 91% are generated in Armenia and taken from other assets financial resources and savings in deposits.<\/p>\n<p>He said interest rates on international loans are in tune with market rates.<\/p>\n<p>\u201cIn the course of negotiations with international partners, we try to lower rates to make them affordable at Armenia\u2019s domestic market,\u201d he said. \u201cMore than that \u2013 we have achieved the provision of these loans in drams, and this shields commercial banks from currency risks, since they are borne by the central bank, and also protects market rates from impacts.\u201d<\/p>\n<p>The share of non-performing loans at Armenia\u2019s banks stood at 7.2% in May 2017 and at 9.8% in May 2016. ($1 \u2013 AMD 479.82). &#8211;0&#8212;&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The share of non-performing loans in Armenia doesn\u2019t exceeds 7.5 percent, Arthur Javadyan, head of the central Bank of Armenia said Friday at an extraordinary session of the National Assembly<\/p>\n","protected":false},"author":1,"featured_media":176708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12455,613],"class_list":{"0":"post-108699","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-loans","11":"tag-613"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/108699","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=108699"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/108699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/176708"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=108699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=108699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=108699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}