{"id":249855,"date":"2021-06-04T10:52:53","date_gmt":"2021-06-04T10:52:53","guid":{"rendered":"https:\/\/armbanks.am\/2021\/06\/04\/249855\/"},"modified":"2021-06-04T10:52:53","modified_gmt":"2021-06-04T10:52:53","slug":"share-of-non-performing-loans-of-armenian-banks-grows-to-7","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2021\/06\/04\/249855\/","title":{"rendered":"Share of non-performing loans of Armenian banks grows to 7%"},"content":{"rendered":"\n<p><strong>YEREVAN, June 4. \/AR\u041a\u0410\/. <\/strong>The share of non-performing loans of Armenian banks reached 7% in April 2021, the chairman of the Central Bank Martin Galstyan told reporters on Thursday.<\/p>\n\n\n\n<p>According to him, in 2020, credit risks grew in almost all types of lending with the share of low-quality loans increasing significantly.<\/p>\n\n\n\n<p>He specified that the bulk of low-quality loans are consumer loans, followed by business and agricultural loans. As for mortgage loans, borrowers are more responsible, making their regular payments, he added.<\/p>\n\n\n\n<p>&#8220;As a result, by the end of 2020 the share of low-quality loans increased significantly, reaching 7% in late April, 2021,&#8221; Galstyan said.<\/p>\n\n\n\n<p>According to him, while maintaining interest income, credit losses of the banks increased, in connection with which rather moderate growth rates of the loan portfolio are expected. As a result, banks&#8217; incomes from lending have significantly decreased.<\/p>\n\n\n\n<p>He said the bulk of the loans &#8211; about 66.7% &#8211; are business loans, 23.7% are mortgages, 7.1% are agricultural loans, and 2. 5% are consumer loans.<\/p>\n\n\n\n<p>&#8220;Compared to the beginning of the year, in April 2021, there was a certain rise in lending &#8211; about 5-6% compared to the beginning of 2020, however, these figures were lower than in previous years,&#8221; Galstyan said.<\/p>\n\n\n\n<p>At the same time, he noted that the number of loans in foreign currency decreased, and those in Armenian drams increased.<\/p>\n\n\n\n<p>As for deposits, according to him, there was a drop in deposits since September 2020, and a recovery has been observed since the beginning of 2021, the main outflow occurred in October-November 2020, which was associated with the war in Nagorno-Karabakh and economic uncertainty in connection with the coronavirus.<\/p>\n\n\n\n<p>&#8220;However, as of May, 2021 the level of deposits has practically recovered and returned to the pre-war level,&#8221; Galstyan said. ($1 &#8211; 520.22 drams). \u20130&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The share of non-performing loans of Armenian banks reached 7% in April 2021, the chairman of the Central Bank Martin Galstyan told reporters on Thursday<\/p>\n","protected":false},"author":1,"featured_media":175102,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12163,12455,13614,319],"class_list":{"0":"post-249855","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-non-performing","13":"tag-319"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/249855","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=249855"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/249855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/175102"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=249855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=249855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=249855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}