14.02.2020 18:44
YEREVAN, February 14. /ARKA/. With a faster-growing dram-denominated loan portfolio, credit dollarization in Armenia declined to 51 percent at end of 2019 from 56 percent in 2018, the historically lowest level, although, overall it is still high, the chairman of the Union of Banks of Armenia Mher Abrahamyan told reporters on Friday.
“Moreover, the share of USD in the total portfolio of the banks' liabilities and the dynamics show a downward trend,” he said.
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