Credit portfolios of Armenian banks' branches in NKR 6.1% higher from year ago

09.03.2016 18:18
Credit portfolios of Armenian banks' branches in NKR  6.1% higher from year ago

STEPANAKERT, March 9. /ARKA/. On March 1, 2016 the combined credit portfolios of Armenian banks' branches in the Nagorno-Karabakh Republic (NKR) were 6.1% higher from the year ago, amounting to over 99.8 billion drams, the NKR National Statistical Service said.

It said also when compared to February 2016 the combined portfolios were higher by 25.4%. Loans in foreign currencies accounted for 71.1% of the combined portfolios. Overdue loans made 0.9%.

As of March 1, 2016 the deposits at these branches were 13.5% higher year-on-year standing at over 64.4 billion drams. But compared to the previous month the amount was down by 4.3%.

According to the report, 76.3% of deposits were term deposits, 15.1% were demand deposits and 8.6% were special deposits.-0-


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