Inactive loans comprise 7.8% of Armenian banks’ q1 portfolio
24.06.2009,
02:54
Inactive loans comprised 7.8% of the Armenian banks’ Q1 credit portfolio, Tigran Jrbashyan, Ameriabank’s director for development, said on Tuesday.
YEREVAN, June 23. /ARKA/. Inactive loans comprised 7.8% of the Armenian banks’ Q1 credit portfolio, Tigran Jrbashyan, Ameriabank’s director for development, said on Tuesday.
As of March 31, 2009, the local banks’ loan portfolio totaled 668.6bln drams.
Citing the past experience of Japan, Indonesia and Russia, the expert said banks face major problems when inactive loans comprise 15%-20% of a country’s total loan portfolio.
“It shows we possess considerable reserves and an ‘airbag’, but we must always give a right assessment to the situation,” Jrbashyan said, urging the banks to work out new programs to be able to weather a stronger economic storm.
He said the picture will become more realistic after a summary of Q2 banking activities. ($1-362.18 drams).—0--
As of March 31, 2009, the local banks’ loan portfolio totaled 668.6bln drams.
Citing the past experience of Japan, Indonesia and Russia, the expert said banks face major problems when inactive loans comprise 15%-20% of a country’s total loan portfolio.
“It shows we possess considerable reserves and an ‘airbag’, but we must always give a right assessment to the situation,” Jrbashyan said, urging the banks to work out new programs to be able to weather a stronger economic storm.
He said the picture will become more realistic after a summary of Q2 banking activities. ($1-362.18 drams).—0--
