Non-performing assets of Armenian banks grow to 6.73 percent

13.10.2017 18:55
Non-performing assets of Armenian banks grow to 6.73 percent

YEREVAN, October 13. /ARKA/. Non-performing and written-off assets of Armenian commercial banks grew to 6.73% in late August, according to the Central Bank. Some 6.36% were assets held by Armenian residents, it said.

The manufacturing sector accounted for the largest share of non-performing assets at the end of the reporting period - 1.19%. Consumer loans came in second with 1.22%. The share of non-performing assets in the trade sector stood at 0.94%, in the agricultural sector – at 0.72%, in the food industry – at 0.7% and in mortgage loans – at 0.39%.

The combined amount of commercial banks’ assets at the end of August 2017 was worth 4.104.4 trillion drams. ($ 1 - 480.99 drams). -0-


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