{"id":88125,"date":"2015-05-27T12:02:17","date_gmt":"2015-05-27T12:02:17","guid":{"rendered":"https:\/\/armbanks.am\/2015\/05\/27\/242974\/"},"modified":"2024-12-15T13:18:17","modified_gmt":"2024-12-15T13:18:17","slug":"non-performing-loans-in-armenian-banks-reach-6-8-in-2014-compared-to-4-5-in-2013","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/05\/27\/88125\/","title":{"rendered":"Non-performing loans in Armenian banks reach 6.8% in 2014 compared to 4.5% in 2013"},"content":{"rendered":"<p><strong>YEREVAN, May 27. \/ARKA\/.<\/strong> The portion of non-performing loans in Armenia\u2019s commercial banks was 6.8% in 2014, as compared to 4.5% in 2013, said Andranik Grigoryan, the head of financial system stability and development at the Central Bank of Armenia (CBA).<\/p>\n<p>Despite the increase, this level is still lower than in many other countries, including European countries, he said.<\/p>\n<p>Non-performing loans grew in almost all economic sectors, he said.<\/p>\n<p>According to Grigoryan, several factors contributed to a relatively high level of non-performing loans in the country: lending accounted for about 60-61% of banks\u2019 assets, the loan terms in 2014 were much weaker and there were no problems with attracting loans.<\/p>\n<p>Yet, the banking system is well able to neutralize these risks due to high capitalization levels, Grigoryan said.<\/p>\n<p>Even under negative scenario Armenian banks will face no financial stability problem as their reserves are sufficient for making up for losses, according to the expert.<\/p>\n<p>The Central Bank of Armenia says loan investments by Armenian commercial banks fell by 5% from the beginning of this year to 1,893.7 billion drams as of the end of March.<\/p>\n<p>The portion of non-performing loans rose by 1.3 percentage points to 8.3% of the loan portfolio of Armenia\u2019s banking sector. According to assessments, this is quite a high level, compared to 6% non-performing loans recorded in March 2014. ($1 \u2013 479.9 drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The portion of non-performing loans in Armenia\u2019s commercial banks was 6.8% in 2014, as compared to 4.5% in 2013, said Andranik Grigoryan<\/p>\n","protected":false},"author":1,"featured_media":157780,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,15865,12455],"class_list":{"0":"post-88125","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-central-bank-2","11":"tag-loans"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/88125","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=88125"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/88125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157780"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=88125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=88125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=88125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}