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Share of non-performing loans in Armenia's banking system may increase from 6.7% to 10% - central bank

16.12.2020 15:19

Share of non-performing loans in Armenia's banking system may increase from 6.7% to 10% - central bank

YEREVAN, December 16. /ARKA/. The share of non-performing loans in Armenia's banking system may increase from 6.7% to 10%, Chairman of the Central Bank of Armenia Martin Galstyan said at a press conference on Tuesday.

He finds it too early to draw conclusions regarding repayment of bank loans, but banks as a whole have registered a problem, since the economic year began with the coronavirus, after which there was a war.

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Armenian authorities should stabilize credit market by attracting preferential loans totaling $ to 2 billion

10.12.2020 15:41

Armenian authorities should stabilize credit market by attracting preferential loans totaling $ to 2 billion

The Armenian authorities should stabilize the credit market by attracting preferential loans totaling $ 1-2 billion, economist Ashot Osipyan, founder of the School of Banking Management, told reporters on Wednesday at a video conference organized by the Economic Journalists Club

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Armenian banks to forgive loans of those killed in hostilities or became disabled

21.10.2020 18:28

Armenian banks to forgive loans of those killed in hostilities or became disabled

Armenia’s National Assembly has passed today in the first reading a set of changes to the Tax Code, which if approved in the final reading, would give the local commercial banks and credit organizations the right to forgive the credit obligations of the borrowers who have died in the war in the Nagorno-Karabakh or have become disabled

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Share of problem loans of Armenian banks may grow to 10 percent, central bank chairman warns

08.09.2020 21:26

Share of problem loans of Armenian banks may grow to 10 percent, central bank chairman warns

The share of problem loans of Armenian banks may grow from the current 6.3% to 10% of the total loan portfolio, Chairman of the Central Bank Martin Galstyan told reporters on Tuesday

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Non-performing loans in Armenian banks make 4.67 percent

10.08.2020 20:14

Non-performing loans in Armenian banks make 4.67 percent

In June, non-performing loans of Armenian commercial banks stood at 4.67% of the total, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Monday

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Armenian government provides 37 billion drams worth loans to farmers

08.07.2020 17:25

Armenian government provides 37 billion drams worth loans to farmers

As part of Armenian government assistance programs, designed to help farmers overcome the socio-economic consequences of the coronavirus, the latter were provided with 18 thousand loans worth 37 billion drams, Deputy Minister of Economy Arman Khojoyan said at a press conference on Wednesday

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Armenian banks provided 73 billion drams as loans as part of anti-coronavirus programs

01.07.2020 12:43

Armenian banks provided 73 billion drams as loans as part of anti-coronavirus programs

As part of the government programs designed to offset the consequences of the coronavirus shock, Armenian banks have provided loans worth 73 billion drams, Central Bank Chairman Martin Galstyan said at a news conference on Tuesday

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Armenian central bank chairman: cutting refinancing rate prompted increased demand for loans

30.06.2020 20:56

Armenian central bank chairman: cutting refinancing rate prompted increased demand for loans

The decision of the Central Bank of Armenia to cut the refinancing rate to 4.5% has prompted an increased demand for loans, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday

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Armenian banks have revised 200 billion drams worth loans

27.03.2020 19:34

Armenian banks have revised 200 billion drams worth loans

From March 20 to this day, Armenian banks have revised lending terms for 96,838 individuals and 3,395 legal entities, Armenian Prime Minister Nikol Pashinyan said

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Share of overdue loans drops to record low 0.85% in Armenia

10.02.2020 18:35

Share of overdue loans drops  to  record low 0.85% in Armenia

The share of overdue loans in 2019 dropped to the record low 0.85% of the total lending, Armenian Prime Minister Nikol Pashinyan wrote in a Facebook post

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