{"id":125718,"date":"2019-11-29T13:46:09","date_gmt":"2019-11-29T13:46:09","guid":{"rendered":"https:\/\/armbanks.am\/2019\/11\/29\/248952\/"},"modified":"2024-12-15T13:39:34","modified_gmt":"2024-12-15T13:39:34","slug":"share-of-non-performing-individual-and-corporate-loans-of-armenia-based-commercial-banks-does-not-exceed-5","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2019\/11\/29\/125718\/","title":{"rendered":"Share of non-performing individual and corporate loans  of Armenia-based commercial banks does not exceed 5%"},"content":{"rendered":"\n<p><strong>YEREVAN, November 29. \/AR\u041a\u0410\/. <\/strong>The share of individual and corporate non-performing loans in the total loan portfolio of 17 Armenia-based commercial banks does not exceed 5%, said Andranik Grigoryan, the head of a Central Bank department overseeing financial stability, when speaking at a parliamentary hearing on credit policy and financial literacy today.<\/p>\n\n\n\n<p>&#8220;These are the loans that are overdue for one reason or another, or because of the deterioration of the financial situation of the borrower, they were refinanced &#8211; another loan was taken to repay it . The banks must reserve capital for such loans, and this creates  certain difficulties,&#8221; said Grigoryan .<\/p>\n\n\n\n<p>He specified that the share of non-performing consumer loans is  8%, while  the share of non-performing so-called quick loans exceeds 20%.<\/p>\n\n\n\n<p>&#8220;This is due to the fact that when a loan is issued quickly, the borrower is not required to produce additional documents such as a certificate about the size of salary, income or property, therefore these loans are assessed as more risky in terms of repayment,&#8221; Grigoryan said.<\/p>\n\n\n\n<p>According to the Central Bank of Armenia, in the first half of 2019, the lending to economy stood at 3.389 trillion drams. ($1 &#8211; 477.25 drams) .&#8211; 0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The share of individual and corporate non-performing loans in the total loan portfolio of 17 Armenia-based commercial banks does not exceed 5%, said Andranik Grigoryan, the head of a Central Bank department overseeing financial stability, when speaking at a parliamentary hearing on credit policy and financial literacy today<\/p>\n","protected":false},"author":1,"featured_media":167120,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12163,12455,310],"class_list":{"0":"post-125718","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-310"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/125718","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=125718"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/125718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/167120"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=125718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=125718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=125718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}