{"id":95915,"date":"2016-03-10T13:13:48","date_gmt":"2016-03-10T13:13:48","guid":{"rendered":"https:\/\/armbanks.am\/2016\/03\/10\/244318\/"},"modified":"2024-12-15T13:22:38","modified_gmt":"2024-12-15T13:22:38","slug":"non-performing-loans-grown-more-than-twice-in-armenia-in-2015","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/03\/10\/95915\/","title":{"rendered":"Non-performing loans grown more than twice in Armenia in 2015"},"content":{"rendered":"<p><strong>YEREVAN, March 10. \/ARKA\/.<\/strong> Non-performing loans soared from 3.7 percent at the beginning of 2015 to above 9 percent towards the end of the year, the World Bank says in its &#8216; Armenia&#8217;s Monthly Economic Developments&#8217; report.<\/p>\n<p>Higher dollarization and currency mismatches in the balance sheet pose risks to banking sector stability and profitability.<\/p>\n<p>\u00abTotal lending declined in 2015 by 3.1 percent with FX-denominated loans suffering the largest contraction reflecting expectation of further dram appreciation,\u00bb the World Bank says in its report.<\/p>\n<p>\u00abCommercial banks deposited excess forex at the CBA, which contributed to an increase in gross reserves by US$282 million over 2015. 2016 is expected to be a challenging year for the banking sector as the new requirement for minimum capital will enter into force on January 1, 2017.\u00bb<\/p>\n<p>According to the WB forecast, 2016 is expected to be a challenging year for the banking sector as the new requirement for minimum capital will enter into force on January 1, 2017.<\/p>\n<p>On January 1, 2017, the Central Bank of Armenia increased its requirement for commercial banks&#8217; total capital to AMD 30 billion from former AMD 5 billion.<\/p>\n<p>According to the regulator, this measure will lead to consolidation of banks, improve their services and form a healthy competition environment in the banking sector. &#8211;0&#8212;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Non-performing loans soared from 3.7 percent at the beginning of 2015 to above 9 percent towards the end of the year<\/p>\n","protected":false},"author":1,"featured_media":171328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12455,12183],"class_list":{"0":"post-95915","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-loans","11":"tag-world-bank"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/95915","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=95915"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/95915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/171328"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=95915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=95915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=95915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}