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Some 5.1 percent of loans held by Armenia banks in first half were non-performing

06.11.2019 13:31

Some 5.1 percent of loans held by Armenia banks in first half were non-performing

YEREVAN, November 6. /ARKA/. In the first half of 2019, some 5.1 percent of the loans that banks in Armenia held were non-performing, Andranik Grigoryan, head of a Central Bank department overseeing the financial system's stability and development, told reporters on Tuesday.

According to him, the figure was quite low across the region and compared to 'similar countries. "This figure is an indication that the ease in lending conditions has led to an increased financial intermediation," Grigoryan said.

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Ranking of biggest profit-gainers among Armenia's banks for Jan-Sept 2019

05.11.2019 16:34

Ranking of biggest profit-gainers among Armenia's banks for Jan-Sept 2019

ARKA News Agency has released the ranking of the biggest profit-gainers among Armenia’s commercial banks for Jan-Sept 2019. The Armenian banking sector’s aggregate net profit for Jan-Sept 2019 amounted to AMD 60.9 billion against the AMD 51.7 billion of the same period a year before showing a 18% year-on-year growth. All the 17 banks of the country operated with profits

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Armenian banks' lending amounts to 3.37 trillion drams

30.10.2019 19:12

Armenian banks' lending amounts to 3.37 trillion drams

The amount of lending provided by Armenian banks in the first 9 months of 2019 grew to 3.37 trillion drams, the chairman of the Union of Banks of Armenia Mher Abrahamyan told reporters on Wednesday

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Mortgage lending by Armenia-based commercial banks almost doubled

17.09.2019 17:14

Mortgage lending by Armenia-based commercial banks almost doubled

The mortgage lending by Armenia-based commercial banks has almost doubled, Armenian Prime Minister Nikol Pashinyan said at a press conference in Vanadzor on Monday

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Interest rates on Armenian banks' loan drop, Pashinyan says

17.09.2019 17:13

Interest rates on Armenian banks' loan drop, Pashinyan says

Interest rates on loans provided by Armenian commercial banks have decreased, Prime Minister Nikol Pashinyan said at a press conference in Vanadzor on Monday

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Mortgage lending breaks record. portfolio loans of Armenian banks surge by 14.4 percent in July

23.08.2019 18:59

Mortgage lending breaks record. portfolio loans of Armenian banks surge by 14.4 percent in July

The loan portfolios of Armenian commercial banks grew by 14.4% in 2019 July as opposed to 2018 July, the head of the Union of Banks of Armenia and CEO of Ameriabank Artak Hanesyan told reporters today

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Armenian banks' taxes grow by 6.9 percent in first half of 2019

09.08.2019 19:03

Armenian banks' taxes grow by 6.9 percent in first half of 2019

The list of Armenia’s 1000 largest corporate taxpayers in the first six months of 2019 includes all the 17 commercial banks operating in the country, which paid about 29.5 billion drams in various taxes and duties, up from 27.6 billion drams they had paid in the first half of 2018 (an increase of 6.9%), according to the numbers, released by the State Revenues Committee (SRC)

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Private remittances sent to Armenia via banks in May 2019 grew to $168.9 million,

31.07.2019 12:10

Private remittances sent to Armenia via banks in May 2019 grew to $168.9 million,

The amount of private remittances sent to Armenia via banks in May 2019 totaled $168.9 million, an increase of $29.2 million, or 20.9% as opposed to the same month in 2018, the Central Bank of Armenia said today. It said in May alone the amount of remittances increased by 16.9% from the previous month

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Armenian banks, credit organizations and pawnshops now obliged to indicate real interest rate on consumer loans up to 15 million drams

19.06.2019 18:57

Armenian banks, credit  organizations and pawnshops now obliged to indicate real interest rate on consumer loans up to 15 million drams

Armenia-based commercial banks, credit organizations and pawnshops are now obliged to indicate a real interest rate on loans worth up to 15 million drams in the loan agreements

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Average interest rate on deposits in drams with maturity period of 12 months is 8.85%

17.06.2019 19:00

Average interest rate on deposits in drams with maturity period of  12 months is 8.85%

According to a study by ARKA news agency, the highest interest rate on individual time deposits in Armenian drams is 10% per annum, offered by Armbusinessbank. The maturity period of the deposit is 271-365 days

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