All news related to credit losses

Armenia-based banks increase reserves for possible credit losses by 22.7% to 102.7 billion drams

19.05.2017 11:46

Armenia-based banks increase reserves for possible credit losses by 22.7% to 102.7 billion drams

YEREVAN, May 19. /ARKA/. In the first quarter of 2017 Armenia-based commercial banks increased their reserves for possible credit losses by 18.9 billion drams or 22.7% from the year before to 102.7 billion drams, according to ARKA news agency’s financial and economic bulletin "Banks of Armenia" (performance indicators for the first quarter of 2017).

Compared to the beginning of 2017 the reserves increased by 5 billion drams or 5.21%.

The top five banks by size of reserves for possible credit losses were VTB Bank (Armenia), ACBA-CREDIT AGRICOLE BANK, HSBC Bank Armenia, Ameriabank and Ardshinbank.

Views: 2167

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenia-based banks increase reserves for possible credit losses by 22.7% to 102.7 billion drams

Tags: , , ,

Read more