{"id":158104,"date":"2024-11-08T09:37:59","date_gmt":"2024-11-08T09:37:59","guid":{"rendered":"https:\/\/armbanks.am\/2024\/11\/08\/255451\/"},"modified":"2025-01-02T12:17:23","modified_gmt":"2025-01-02T12:17:23","slug":"share-of-problem-loans-in-armenia-decreased-to-1-2-uba","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/11\/08\/158104\/","title":{"rendered":"Share of problem loans in Armenia decreased to 1-2% \u2013 UBA"},"content":{"rendered":"\n<p><strong>YEREVAN, November 8. \/ARKA\/. <\/strong>The share of problem loans in Armenia has been decreasing over the last 2-3 years, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA).<\/p>\n\n\n\n<p>\u2018\u2019Previously, the share of problem loans (in the total portfolio \u2013 ed.) was 5-6%, but now it is 1-2%,\u201d he said earlier at the banking forum &#8220;Regional Challenges and Opportunities in the Framework of Cooperation with European Banks\u2019\u2019.<\/p>\n\n\n\n<p>Answering the question of why interest rates on loans are not decreasing despite high demand, Azatyan said that the Armenian banking system is quite competitive, and if demand for a product is high, its price should not fall.<\/p>\n\n\n\n<p>&#8220;I am sure that competition correctly regulates interest rates, and compared to many countries, I cannot say that the rates are high. However, I understand that over the last 2-3 years they\u2019ve risen slightly, but now they are trending downwards. Nevertheless, these are competitive prices,&#8221; he explained.<\/p>\n\n\n\n<p>Noting that the results of the quarter have not yet been finalized, the head of the UBA said that, according to preliminary data, lending is increasing evenly across all sectors.<\/p>\n\n\n\n<p>According to the UBA, the loan portfolio of Armenia&#8217;s banking system totals $14.9 billion. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The share of problem loans in Armenia has been decreasing over the last 2-3 years, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA).<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":{"0":"post-158104","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/158104","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=158104"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/158104\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=158104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=158104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=158104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}