Tuesday, November 6 2012 20:29

In Q3 2012 share of overdue loans in loan book of Armenian banks grew by 16.2%


ArmInfo. In Q3 2012 overdue loans of Armenia's commercial banks increased by 16.2%. Prime loans grew by 3.4%, supervised loans by 39.8%, doubtful loans by 34.4%. Nonprime loans decreased by 23.8%. The share of overdue loans grew from 4.1% to 4.6%, while that of prime loans shrank from 95.9% to 95.4%.

The press service of Armenia's Central Bank reports that as of Oct 1 2012 prime loans totaled 1.66tln AMD, supervised loans 45.3bln AMD, nonprime loans 18.6bln AMD, doubtful loans 16.4bln AMD.

As of Oct 1 2012 there were 21 commercial banks with 465 branches in Armenia.
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