Idle assets of Armenia’s Commercial Banks hit 5.69% in May 2013

15.07.2013 14:51
Idle assets of Armenia’s Commercial Banks hit 5.69% in May  2013

YEREVAN, July 15./ARKA/. The portion of idle and written- off assets of Armenia’s residents inched up by 0.38 p.p. in May  from April  to 5.69%, the Central Bank said Monday.

Commerce accounted for the highest number of idle assets  –nearly 1.33% (against 1.29% in April); consumer loans accounted for 0.95% (0.91% in April); construction –for about 0.69% (0.67%).

At the same time, processing industry accounted for 0.71%, agricultural sphere –0.41%, mortgage lending -0.46%, catering –0.30%. There are no idle assets in financial sphere.

The aggregate  volume of the assets at Armenia’s commercial banks totaled 2594,8  billion drams as of May  2013.

As of May 2013  there are 21 commercial banks in Armenia. .($1 – 409.93 drams).—0


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