Credit portfolio of banks in Karabakh grows by 14 percent to 87.3 billion drams

07.10.2015 18:02
Credit portfolio of banks in Karabakh grows by 14 percent to 87.3 billion drams

STEPANAKERT, October 7. / ARKA /. As of October 1, 2015 the total credit portfolio of Armenian banks' branches in Nagorno-Karabakh Republic (NKR) increased by 13.8% from the same period of 2014 to 87.289.4 billion drams, the National Statistical Service of NKR said. But compared to the previous month the portfolio was less by 2%.

Some 68.7% of the portfolio were foreign currency loans. The share of overdue loans was 1.2%.
As of October 1, 2015 all the deposits in the branches stood at 58.371.1 billion drams. The figure represented an 8% growth from the same time span of 2014, but compared to 2015 September it was down by 6.7%.

According to official data, 71.3% of deposits were time deposits, 19.7% were demand deposits, and 9% were target deposits.-0-


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