Credit portfolio of Armenian banks’ branches in Nagorno-Karabakh grow by 17 percent to 88.4 billion drams

03.07.2015 18:49
Credit portfolio of Armenian banks’ branches in Nagorno-Karabakh grow by 17 percent to 88.4 billion drams

STEPANAKERT, July 3. / ARKA /. The total credit portfolio of Armenian commercial banks’ branches in Nagorno-Karabakh stood at about 88.4 billion drams as of July 1, having increased by 17.3% year-on-year, NKR Statistical Service said. It said also the growth from the previous month was 0.4%.

Some 68.3% of the lending was in foreign currency, while the share of overdue loans was 1.2%.
As of July 1, 2015 the branches had 56.2 billion drams worth deposits, by 2.6% more from the same period of 2014. Compared with 2015 June they were down by 0.6%.

Some 72.8% of the deposits were term deposits, 18.2% were demand deposits and 9% were special purpose deposits.-0-


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