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Idle assets of Armenia’s Commercial Banks hit 5.69% in May 2013

15.07.2013 14:51

Idle assets of Armenia’s Commercial Banks hit 5.69% in May  2013

YEREVAN, July 15./ARKA/. The portion of idle and written- off assets of Armenia’s residents inched up by 0.38 p.p. in May  from April  to 5.69%, the Central Bank said Monday.

Commerce accounted for the highest number of idle assets  –nearly 1.33% (against 1.29% in April); consumer loans accounted for 0.95% (0.91% in April); construction –for about 0.69% (0.67%).

At the same time, processing industry accounted for 0.71%, agricultural sphere –0.41%, mortgage lending -0.46%, catering –0.30%. There are no idle assets in financial sphere.

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