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CBA PRESIDENT ARTHUR JAVADYAN: ARMENIAN BAD CREDITS INDICATORS ARE ONE OF THE BESTS IN THE WORLD
ARMENPRESS
3 October, 2012
YEREVAN
YEREVAN, OCTOBER 3, ARMENPRESS: The indicators of bad (expired and
non-refunded) credits of the Republic of Armenia are one of the bests
not only in the CIS region, but also in Europe. It was announced by
the President of the Central Bank of Armenia Arthur Javadyan during
the state budget performance report 2011 of the Republic of Armenia
on October 3.
"We have one of the best indicators for bad credit in the world. At
this moment their level is within 4% of the general amount. In
separate programs the indicators vary. The least is in the field of
agriculture", - stated Arthur Javadyan.
"Here as well the return level is the same - 99%. By the estimate, we
have 350 non-performing loans", - said the President of the Central
Bank of Armenia, adding that the information is available in the
CBA annual report and was published in the official website of the
Central Bank.
As reported by Armenpress, in response to the Arthur Javadyan's
announcement the Deputy of the Armenian National Congress Faction of
the National Assembly Nikol Pashinyan expressed his concern about the
"99% of return level", particularly mentioning about the applicants
to get other loans to cover the available ones.
Responding to this concern, the President of the Central Bank of
Armenia Arthur Javadyan stated that he did not consider the option
of "covering the loan by a loan" to be possible, as the loans,
provided by subsidies of the Government of Armenia, were with quite
low percentage. "I do not think that they take bad credits from other
banks to cover this one", - stated Arthur Javadyan.
ARMENPRESS
3 October, 2012
YEREVAN
YEREVAN, OCTOBER 3, ARMENPRESS: The indicators of bad (expired and
non-refunded) credits of the Republic of Armenia are one of the bests
not only in the CIS region, but also in Europe. It was announced by
the President of the Central Bank of Armenia Arthur Javadyan during
the state budget performance report 2011 of the Republic of Armenia
on October 3.
"We have one of the best indicators for bad credit in the world. At
this moment their level is within 4% of the general amount. In
separate programs the indicators vary. The least is in the field of
agriculture", - stated Arthur Javadyan.
"Here as well the return level is the same - 99%. By the estimate, we
have 350 non-performing loans", - said the President of the Central
Bank of Armenia, adding that the information is available in the
CBA annual report and was published in the official website of the
Central Bank.
As reported by Armenpress, in response to the Arthur Javadyan's
announcement the Deputy of the Armenian National Congress Faction of
the National Assembly Nikol Pashinyan expressed his concern about the
"99% of return level", particularly mentioning about the applicants
to get other loans to cover the available ones.
Responding to this concern, the President of the Central Bank of
Armenia Arthur Javadyan stated that he did not consider the option
of "covering the loan by a loan" to be possible, as the loans,
provided by subsidies of the Government of Armenia, were with quite
low percentage. "I do not think that they take bad credits from other
banks to cover this one", - stated Arthur Javadyan.