Thursday, May 21 2020, 14:38
ArmInfo.In the Q1 of 2020, premiums of Armenian insurance companies decrease due to the outbreak of the coronavirus pandemic. According to the Financial Rating of Armenian Insurance Companies prepared by ArmInfo IC, premiums fell by 4.2% y-o-y against 17.6% last year. The decrease in the volume of collected premiums was accompanied by a significant slowdown in the
growth of insurance payments - up to 5.8% compared to last year's
13.3%.
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Monday, December 5 2016, 20:37
ArmInfo. Fitch Ratings has assigned Armenian City of Yerevan Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) of 'B+' and a Short-Term Foreign Currency IDR of 'B'. The Outlooks on the Long-Term IDRs are Stable, according to the Fitch Ratings website.
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Saturday, March 19 2016, 17:55
ArmInfo. The rate of the foreign currency loans in the total assets of Armenia's banking system increased from 40.8% to 41.3% during the last three years, while the rate of the national currency (AMD) loans decreased from 22.3% to 15.7%. In absolute terms, the AMD loans increased by 3.8%, while foreign currency ones increased by 50%.
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Friday, March 18 2016, 20:56
ArmInfo. Share of non-performing loans (NPL) in Armenian banks' loan portfolio grew from 4.1% to 12% (274.6 bln AMD or 567.6 mln USD) exceeding lower ceiling of international critical threshold level (10-15%). In 2015 alone share of NPL in loan portfolio of the banks rose from 8.5%. Moreover, the share of problematic credits also called 90+ days overdue (non standard, doubtful and bad loans) grew from 3.2% to 9.1% in 2010-2015 (208 bln AMD or 430 mln USD) in the loan portfolio, versus 6.1% in 2014. Particularly, the share of 180+ days overdue (doubtful and bad loans) alone increased from 2.2% to 7.5% in 2010-2015 (171.5 bln AMD or 354.4 mln USD) versus 4.4% in 2014. At the same time share of provisions for possible losses on credits grew in the loan portfolio from 1.6% to 3.5% in 2010-2015 versus 2.82% in 2014.
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Wednesday, August 12 2015, 17:04
Stagnation of the lending market of Armenia with the signs of recession against poor quality of portfolios prevents gaining of the banking revenues from the negative dynamics: the revenues are dwindeleing. According to the data of the Financial Rating of the Banks of Armenia, prepared by the Agency of Rating and marketing information (ArmInfo), in the Q1 of 2015 the aggregate net revenue of the banking system lost grounds for 54.4% in the annual break down against the 14% of the previous year. After the devaluation shock of December, which in fact have frozen the lending and driving the banking system at a loss, in the first quarter of this year a minor upraise is seen, which allowed to end up in gain retaining the slow growth pace in the Quarter 2 as well.
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