{"id":114116,"date":"2018-05-21T14:01:27","date_gmt":"2018-05-21T14:01:27","guid":{"rendered":"https:\/\/armbanks.am\/2018\/05\/21\/247472\/"},"modified":"2024-12-15T13:33:43","modified_gmt":"2024-12-15T13:33:43","slug":"armenian-banks-loan-loss-reserves-grew-by-37-percent-in-quarter-one-2018","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2018\/05\/21\/114116\/","title":{"rendered":"Armenian banks\u2019 loan loss reserves grew by 37 percent in quarter one, 2018"},"content":{"rendered":"<p><strong>YEREVAN, May 21. \/ARKA\/.<\/strong> Armenian banks\u2019 loan loss reserves in the first quarter of 2018 amounted to 140.8 billion drams, an increase of 37% or 38.1 billion drams when compared to the same period last year, according to ARKA news agency\u2019s quarterly bulletin \u2018Banks of Armenia&#8221; for the first quarter of 2018.<\/p>\n<p>From the beginning of the year the amount of reserves grew by 3.8 billion drams or by 2.8%. The share of reserves in the credit portfolio of the banks increased from 5.18% to 5.23%. The to five banks by size of loan loss reserves were Unibank, VTB Bank (Armenia), Ameriabank, ACBA-CREDIT AGRICOLE BANK and HSBC Bank Armenia.<\/p>\n<p>Unibank&#8217;s reserves at the end of the first quarter amounted to 33.1 billion drams, an increase of 1.63% from the beginning of the year, making 23.36% of its loan portfolio. The loan loss reserves of VTB Bank (Armenia) totaled 30.7 billion drams (down 2.9%). They made 23.15% of its lending portfolio.<\/p>\n<p>Ameriabank\u2019s loan loss reserves grew by almost 40% to 16.1 billion drams to make 3.52% of its lending portfolio; those of ACBA-CREDIT AGRICOLE BANK fell by 11.1% to 14.7 billion drams making 7.43% of its overall lending portfolio and the loan loss reserves of HSBC Bank Armenia stood at 9.3 billion drams, down 12.3% from the beginning of the year. They constituted 10.04% of its overall lending portfolio.<\/p>\n<p>In late March 2018 the overall lending portfolio of all Armenian banks stood at 2.690.9 trillion drams, having increased by 1.72% from the beginning of the year. ($ 1- 483.03 dram). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian banks\u2019 loan loss reserves in the first quarter of 2018 amounted to 140.8 billion drams, an increase of 37% or 38.1 billion drams when compared to the same period last year<\/p>\n","protected":false},"author":1,"featured_media":174178,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12163,12294,319],"class_list":{"0":"post-114116","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-319"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/114116","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=114116"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/114116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/174178"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=114116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=114116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=114116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}