Non-performing assets of banks drop to 7.74 percent

07.09.2015 18:13
Non-performing assets of banks drop to 7.74 percent

YEREVAN, September 7. / ARKA /. The share of non-performing assets and assets written off by banks from their balance sheets decreased by 0.49 percentage points in July to 7.74%, according to the monthly bulletin of the Central Bank of Armenia.

According to the regulator, the share of non-performing assets of residents and assets written off by banks from their balance sheets amounted to 7.48%.

Consumer loans accounted for the highest percentage of non-performing assets at the end of July - 1.8%, while trade loans accounted for 1.77%.

The share of non-performing assets in the manufacturing industry stood at 0.86%, in construction sector- at 0.85%, in entertainment and catering sector- at 0.62%; in mortgage lending they stood at 0.6% and in agriculture - 0.38%.

The total assets of 21 commercial banks in Armenia at the end of July 2015 were worth a little over 3.3 trillion drams. ($ 1 - 485.43 drams). -0-


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