{"id":115781,"date":"2018-08-24T14:48:37","date_gmt":"2018-08-24T14:48:37","guid":{"rendered":"https:\/\/armbanks.am\/2018\/08\/24\/247783\/"},"modified":"2024-12-15T13:34:48","modified_gmt":"2024-12-15T13:34:48","slug":"armenian-banks-reserves-for-possible-losses-on-loans-grew-to-148-billion-drams","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2018\/08\/24\/115781\/","title":{"rendered":"Armenian banks\u2019 reserves for possible losses on loans grew to 148 billion drams"},"content":{"rendered":"<p><strong>YEREVAN, August 24. \/ARKA\/.<\/strong> In the first half of 2018 Armenia\u2019s commercial banks increased their reserves for possible losses on loans by 36.7 billion drams or 33.7% to 148 billion drams year-on-year, according to ARKA news agency\u2019s bulletin &#8220;Banks of Armenia&#8221; for the second quarter of 2018.<\/p>\n<p>In the second quarter of 2018 the reserves increased by 7.2 billion drams or 5.15%. In the second quarter the share of reserves in the credit portfolio of the banks decreased from 5.23% to 5.21%.<\/p>\n<p>The leading five banks by size of reserves for possible losses on loans were Unibank, VTB Bank (Armenia), Ameriabank, ACBA-CREDIT AGRICOLE BANK and HSBC Bank Armenia.<br \/>\nUnibank&#8217;s reserves at the end of the first half totaled 35.6 billion drams, having increased by 7.56% from the previous quarter, making 27.82% of its loan portfolio.<\/p>\n<p>The reserves of VTB Bank (Armenia) amounted to 32.5 billion drams (up 5.84%, their share in its lending portfolio was 3.6%), Ameriabank&#8217;s reserves stood at 14.8 billion drams (down 7.8%, their share in the bank&#8217;s lending portfolio was 3.02 %), ACBA-CREDIT AGRICOLE BANK&#8217;s reserves were worth 13.4 billion drams (a decline of 8.8%, their share in the bank&#8217;s loan portfolio was 6.54%) and HSBC Bank Armenia&#8217;s reserves increased by 1.29% to 9.4 billion drams, while their share in the bank&#8217;s loan portfolio was 9.18%). ($ 1- 483.03 dram) -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first half of 2018 Armenia\u2019s commercial banks increased their reserves for possible losses on loans by 36.7 billion drams or 33.7% to 148 billion drams year-on-year, according to ARKA news agency\u2019s bulletin &#8220;Banks of Armenia&#8221; for the second quarter of 2018<\/p>\n","protected":false},"author":1,"featured_media":160362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12163,12455,323],"class_list":{"0":"post-115781","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-loans","12":"tag-323"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/115781","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=115781"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/115781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/160362"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=115781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=115781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=115781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}