Share of non-performing assets of banks rises to over 9 percent

11.04.2016 19:13
Share of non-performing assets of banks rises to over 9 percent

YEREVAN, April 11. /ARKA/. The share of non-performing and written off assets of the Armenian banks grew to 9.18% at the end of February 2016, reaching the highest level since the beginning of 2015, the Central Bank said.  In 2015, the share of non-performing assets of commercial banks showed a mixed trend, ranging from 6.18% to 8.23%.

The share of non-performing assets began to rise since the beginning of 2016. For example, by late January 2016 it rose to 7.95% from 6.98% in late December. In February 2016, it increased further by 1.23% to 9.18%.

Consumer loans constituted the largest share of non-performing assets of banks at the end of February -1.79%. Non-performing banking assets in the manufacturing sector during the reporting month increased by 0.24% to 1.46%. Their share in trade upped by 0.25% to 1.31%. In agriculture they rose by 0.2% to 0.9% and in construction they grew by 0.24% to 0.80%. There were no non-performing assets in the financial sector.

The total volume of assets of all commercial banks in late February 2016 stood at about 3.5 trillion drams.  ($ 1 - 483.48 drams). -0-


Tags: , , Новости Армении АМИ Новости-Армения

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