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  • Archive for May 13th, 2022

    NPLs account for about 6% of Armenia's bank portfolio – UBA

    Friday, May 13th, 2022

    The share of non-performing loans (NPL) in the portfolios of Armenian banks has not changed significantly in the first quarter of this year, fluctuating within the range of 6%, the executive director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Friday

    Total capital of Armenian banks in Q1 grew by 15.4% to about AMD 1.1 trillion

    Friday, May 13th, 2022

    In the first quarter of 2022 the total capital of all 17 Armenia-based commercial banks reached about AMD 1.1 trillion, the executive director of the Union of Armenian Banks (UBA) Seyran Sargsyan said today

    Armenian financial organizations do not carry out transactions with cryptocurrencies

    Friday, May 13th, 2022

    Armenia’s financial organizations  do not use cryptocurrencies and do not service crypto assets, Seyran Sargsyan, the executive director of the Union of Banks of Armenia (UBA), said at a press conference on Friday

    Armenian banks comply with international sanctions- UBA

    Friday, May 13th, 2022

    All Armenia-based commercial banks make sure to strictly comply with all international sanctions, the executive director of the Union of Banks of Armenia (UBA), told a press conference today