Share of overdue loans drops to record low 0.85% in Armenia

10.02.2020 18:35
Share of overdue loans drops  to  record low 0.85% in Armenia

YEREVAN, February 10. /ARKA/. The share of overdue loans in 2019 dropped to the record low 0.85% of the total lending, Armenian Prime Minister Nikol Pashinyan wrote in a Facebook post.

"This dynamics testifies to the strengthening stability of Armenia's banking system and improving solvency of our citizens," the prime minister said.

According to ARKA news agency's quarterly bulletin “Armenian Banks, Performance Indicators', as of December 31, 2019, the overall lending provided by 17 Armenia -based commercial banks stood at more than 3.57 trillion. drams, against 3.07 trillion at the end of 2018. ($1 - 478.47 drams). --0-


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