All news related to LOANS

Share of non-performing individual and corporate loans of Armenia-based commercial banks does not exceed 5%

29.11.2019 17:46

Share of non-performing individual and corporate loans  of Armenia-based commercial banks does not exceed 5%

YEREVAN, November 29. /ARКА/. The share of individual and corporate non-performing loans in the total loan portfolio of 17 Armenia-based commercial banks does not exceed 5%, said Andranik Grigoryan, the head of a Central Bank department overseeing financial stability, when speaking at a parliamentary hearing on credit policy and financial literacy today.

"These are the loans that are overdue for one reason or another, or because of the deterioration of the financial situation of the borrower, they were refinanced - another loan was taken to repay it . The banks must reserve capital for such loans, and this creates certain difficulties," said Grigoryan .

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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

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

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Government to subsidize mortgage loans for 500 Armenian military personnel annually

22.08.2019 18:55

Government to subsidize mortgage loans for 500 Armenian military personnel annually

The government of Armenia approved today a draft decision to introduce a scheme for subsidizing mortgage loans of 500 servicemen annually

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National Mortgage Company refinances some 11,000 loans over one decade

16.07.2019 19:16

National Mortgage Company refinances some 11,000 loans over one decade

Armenia’s National Mortgage Company Universal Credit Organization has refinanced some 11,000 loans over one decade of its presence at Armenia’s market, of which 7,400 have been provided for acquisition of housing, and the remaining loans for repair and construction of detached houses, National Mortgage Company UCO Executive Director Edmond Vardumyan said in an exclusive interview with ARKA News Agency.

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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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Interest rates on Armenian banks’ loans tend to decline

11.06.2019 18:45

Interest rates on Armenian banks’ loans tend to decline

Interest rates on Armenia-based commercial banks’ loans show a downward trend, Araratbank Board Chairman Ashot Osipyan told reporters on Tuesday. According to him, in 2018 the rates also decreased, prompted by growing competition

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Armenia-based commercial banks provide $900 million worth loans in 2019

11.06.2019 17:27

Armenia-based commercial banks provide $900 million worth loans in 2019

Armenia-based commercial banks have provided $900 million worth loans in 2019, which was instrumental to secure 9.2% growth for the first 4 months of 2019 as opposed to the same time span in 2018

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Armenian banks’ overall lending grows by 66.1 billion drams in one month

28.03.2019 18:33

Armenian banks’ overall lending grows by 66.1 billion drams in one month

The total amount of loans provided by Armenian banks stood at 3.216.7 trillion drams in late February 2019, having increased by 66.1 billion drams or 2.1% from the previous month, the Central Bank of Armenia said

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Farmers in Armenia may get loans at 3-5% interest rate

14.03.2019 18:13

Farmers in Armenia may get loans at 3-5% interest rate

As part of a government program on subsidizing interest rates, farmers and agricultural cooperatives can get loans at the interest rate of up to 5%

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Reserves at Armenia’s banks for possible losses on loans total AMD 147.7 billion in 2018

15.02.2019 16:50

Reserves at Armenia’s banks for possible losses on loans total AMD 147.7 billion in 2018

Reserves at Armenia’s banks for possible losses on loans totaled AMD 147.7 billion in 2018 – 6.12% or AMD 8.5 billion more than in 2017

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