{"id":249803,"date":"2021-05-04T19:01:48","date_gmt":"2021-05-04T19:01:48","guid":{"rendered":"https:\/\/armbanks.am\/2021\/05\/04\/249803\/"},"modified":"2021-05-04T19:01:48","modified_gmt":"2021-05-04T19:01:48","slug":"share-of-armenian-banks-bad-assets-grows-to-7-1-percent","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2021\/05\/04\/249803\/","title":{"rendered":"Share of Armenian banks&#8217; bad assets grows to 7.1 percent"},"content":{"rendered":"\n<p><strong>YEREVAN, May 4. \/ARKA\/. <\/strong>The share of \u201cbad\u201d assets of Armenia-based banks is currently 7.1%, said the chairman of the Central Bank Martin Galstyan.<\/p>\n\n\n\n<p>\u201cNaturally, for consumer loans, the percentage of bad assets is higher than for business or agricultural loans,\u201d he said at a press conference on Tuesday.<\/p>\n\n\n\n<p>According to Galstyan, the share of bad assets has grown from 6.6% in the last quarter of 2020 to 7.1% in the first quarter of 2021.<\/p>\n\n\n\n<p>According to the Central Bank, as of September 8, Armenian banks provided &#8220;credit holidays&#8221; in the amount of 1.3 trillion drams. Armenian banks were also involved in the government&#8217;s anti-crisis programs designed to neutralize the consequences of the coronavirus crisis, providing credit resources to business entities on preferential terms.<\/p>\n\n\n\n<p>On October 21, 2020, the National Assembly adopted a set of amendments to the Tax Code, which gave banks and credit organizations the right to&nbsp;&nbsp;write off the credit obligations ( not only fines and penalties but also the principal amount) of military personnel who died or become disabled (during the war in Nagorno-Karabakh) and related persons. ($1 &#8211; 520.88 AMD) -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The share of \u201cbad\u201d assets of Armenia-based banks is currently 7.1%, said the chairman of the Central Bank Martin Galstyan<\/p>\n","protected":false},"author":1,"featured_media":157087,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,15285,12163,310],"class_list":{"0":"post-249803","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-bad-assets","11":"tag-banks","12":"tag-310"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/249803","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=249803"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/249803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157087"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=249803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=249803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=249803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}