Total credit portfolio of Armenian banks’ branches in Nagorno-Karabakh 17.3% higher from the year before
As of September 1, 2015 the total credit portfolio of Armenian banks’ branches operating in the Nagorno-Karabakh Republic (NKR) were 17.3% higher from the year before standing at a little over 89 billion drams.
According to the National Statistical Service (NSS) of NKR, the total portfolio was 0.8% down from the previous month of August and 69.9% of all loans were provided in foreign currency. The share of overdue loans stood at 1.2%, it said.
The National Statistical Service said also the total bank deposits as of September 1 this year stood at 62.6 billion drams, a 15% rise from the year before and a 9.7% growth from 2015 August.
According to the NKR NSS, some 70.6% of the deposits were e term deposits, 21.1% were demand deposits and 8.3% were target deposits.-0-