{"id":110916,"date":"2017-11-09T12:44:38","date_gmt":"2017-11-09T12:44:38","guid":{"rendered":"https:\/\/armbanks.am\/2017\/11\/09\/246863\/"},"modified":"2024-12-15T13:31:25","modified_gmt":"2024-12-15T13:31:25","slug":"armenian-banks-increase-their-reserves-for-possible-loan-losses-by-17-7-to-177-3-billion-drams","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2017\/11\/09\/110916\/","title":{"rendered":"Armenian banks increase their reserves for possible loan losses by 17.7% to 177.3 billion drams"},"content":{"rendered":"<p><strong>YEREVAN, November 9. \/ARKA\/.<\/strong> Armenian banks increased their reserves for possible loan losses by 17.7% in the first 9 months of 2017 to 177.3 billion drams, according to ARKA news agency\u2019s bulletin \u2018Banks of Armenia&#8221; for the third quarter of 2017.<\/p>\n<p>When compared to the second quarter, the reserves were up by 6 billion drams or 5.4%. At the same time, the share of reserves in the banks\u2019 loan portfolios in the third quarter increased from 4.28% to 4.76%.<br \/>\nThe leading five banks by size of reserves were VTB Bank (Armenia), HSBC Bank Armenia, ACBA-CREDIT AGRICOLE BANK, Ameriabank and Ardshinbank.<\/p>\n<p>The reserves of VTB Bank (Armenia) stood at 29.6 billion drams at the end of September, having increased by 34.73% since the beginning of the year, and by 4.43% from the previous quarter. The share of the reserves in the bank\u2019s loan portfolio was 21.38%<\/p>\n<p>HSBC Bank Armenia\u2019s reserves totaled 15.8 billion drams (an increase of 37.5% and 25.8% respectively), those of ACBA-CREDIT AGRICOLE BANK stood at 15.7 billion drams (6.9% and 5% decline respectively), Ameriabank\u2019s reserves increased by 21.37% and 6.9% respectively to 10.48 billion drams and those of Ardshinbank grew to 7.4 billion drams (an increase of 29.7% and 4% respectively).<\/p>\n<p>It should be noted that the banks\u2019 overall lending as of the end of September totaled 2.465.8 trillion drams, down 3.54% from the beginning of the year. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian banks increased their reserves for possible loan losses by 17.7% in the first 9 months of 2017 to 177.3 billion drams, according to ARKA news agency\u2019s bulletin \u2018Banks of Armenia&#8221; for the third quarter of 2017<\/p>\n","protected":false},"author":1,"featured_media":175102,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12163,12294,12607,319],"class_list":{"0":"post-110916","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-loan","12":"tag-reserves","13":"tag-319"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/110916","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=110916"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/110916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/175102"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=110916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=110916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=110916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}