Share of non-performing assets of Armenian Commercial Banks 4.77% in late March 2013

29.05.2013 19:27
Share of non-performing assets of Armenian Commercial Banks 4.77% in late March 2013

YEREVAN, May 29. /ARKA/. The share of  non-performing and written off assets of Armenian commercial banks dropped to  4.77% in late March 2013, 0.51 percentage point down  from  a month before.

According to the report posted on the central bank’s official website, the  biggest share of non-performing assets  – about 1.65%- was reported by trade sector, up from  1.14% in February.

The share of idle consumer loans was 0.79% in March, down from 0.90% in February, the share of idle loans in construction sector  was about 0.26%, down from  0.80% in February. Processing industry’s share was 0.62% in March. That of agriculture - 0.21%, mortgage lending accounted for 0.36% and public catering for 0.23%. Finance sector has no non-performing assets.

Assets in Armenia’s commercial banks totaled about AMD 2570 billion in late March 2013.

As many as 21 commercial banks operated in Armenia in late March 2013. ($1 – AMD 415.35). ---0---


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