Share of non-performing assets of Armenian commercial banks 4.48% in October

11.12.2013 17:46
Share of non-performing assets of Armenian commercial banks 4.48% in October

YEREVAN, December 11. /ARKA/. The share of non-performing and written-off assets of Armenian commercial banks was 4.48% in October 2013, a reduction of 0.26 percentage point from the month before, says the monthly Central Bank of Armenia handbook for October.

According to the report, consumer loans accounted for the biggest share of non-performing assets, about 1.09%, in October. The share of non-performing assets was about 1.04% in trade sector, 0.42% in construction and 0.62% in processing industry.

Mortgage loans accounted for 0.36% of non-performing assets, public catering for 0.22%, agriculture for 0.20% and other sectors for 0.17%.

Finance sector has not reported non-performing assets.

Total assets of Armenia’s commercial banks amounted to about AMD 2,710.4 billion in late October 2013.

As many as 21 commercial banks operated in Armenia as of the end of October. ($1 – AMD 405.51).–0–


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