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Moody’s: loan concentration remain high at CIS banks, a negative for lenders

20.09.2018 18:08

Moody’s: loan concentration remain high at CIS banks, a negative for lenders

YEREVAN, September 20. /ARKA/. Loan books and deposit bases at banks in Russia and other members of the Commonwealth of Independent States (CIS) will continue to be highly concentrated on a small group of large corporates, says Moody's Investors Service in a report "Banks - Commonwealth of Independent States; Persistently high loan and deposit concentrations are credit negative," published September 19.

Loan concentrations remain high, because lending options for CIS banks are limited. Modest economic growth and low levels of public wealth are translating into weak credit demand and CIS economies remain heavily dependent on large corporates in certain sectors.

"This concentration of loans is a credit negative because it raises the risk of credit losses that are detrimental to capital," said Vladlen Kuznetsov, a Vice President and Senior Analyst at Moody's. "It also elevates the risk of cash-flow disruptions that could hamper revenue generation and profitability, and have a negative impact on liquidity."

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VTB Bank (Armenia) launches mortgage loan refinancing / repurchasing program

03.09.2018 17:16

VTB Bank (Armenia) launches mortgage loan refinancing / repurchasing program

The Yerevan-based VTB Bank (Armenia) said today it has launched a new program designed for refinancing / repurchasing mortgage loans from other banks and credit institutions

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Unibank offers new loan Solar Energy to SMEs

19.07.2018 13:20

Unibank offers new loan Solar Energy to SMEs

Unibank, in partnership with Stiegen, renewable energy company, offers a new loan called Solar Energy, the bank’s press office reported on Thursday

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Eurasian development bank and Armenian Araratbank sign $6 million loan agreement

11.07.2018 17:33

Eurasian development bank and Armenian Araratbank sign $6 million loan agreement

The Yerevan-based Araratbank and the Eurasian Development Bank (EDB) signed a $6 million loan agreement today. The loan will be on-lent as micro loans to small and medium-sized businesses in Armenia

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Armenian banks’ loan loss reserves grew by 37 percent in quarter one, 2018

21.05.2018 18:01

Armenian banks’ loan loss reserves grew by 37 percent in quarter one, 2018

Armenian banks’ loan loss reserves in the first quarter of 2018 amounted to 140.8 billion drams, an increase of 37% or 38.1 billion drams when compared to the same period last year

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ADB loan, equity to Ameriabank to help promote financial inclusion in Armenia

07.05.2018 15:28

ADB loan, equity to Ameriabank to help promote financial inclusion in Armenia

The Asian Development Bank (ADB) and Ameriabank CJSC (AMB) signed an agreement for an equity investment equivalent of $30 million to strengthen Armenia’s banking sector and further promote financial inclusion in the country

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VTB Bank (Armenia) not to impose penalties for overdue loan payments until May 31

03.05.2018 11:14

VTB Bank (Armenia) not to impose penalties for overdue loan payments until May 31

Payments on VTB Bank (Armenia) loans, scheduled for May 2 to May 31, inclusive, can be made until May 31, 2018, the bank’s press service reported

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VTB Bank (Armenia) launching last in 2017 loan-offering campaign

28.12.2017 13:48

VTB Bank (Armenia) launching last in 2017 loan-offering campaign

VTB Bank (Armenia) is launching the last in 2017 campaign offering gold-secured loans, the press office of the bank reported on Thursday

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Armenia to get another KfW 15 million euro loan to enhance energy saving

19.12.2017 18:23

Armenia to get another KfW 15 million euro loan to enhance energy saving

The Central Bank of Armenia and the German bank KfW have signed a loan agreement today to the tune of 15 million euros. The funds will be used to finance the implementation of energy saving projects by micro, small and medium-sized businesses, the Central Bank said

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Armenia to attract $40 million loan from Asian Development Bank

13.12.2017 15:46

Armenia to attract $40 million loan from Asian Development Bank

The Armenian parliament has ratified today a loan agreement with the Asian Development Bank to the tune of $40 million

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