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May 18
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The specific weight of “bad assets” is 7.1% in Armenia. This is what Governor of the Central Bank of Armenia Martin Galstyan told reporters today.

Galstyan clarified that the share of such assets was 6.6% in the past quarter.

According to him, compared with the previous forecasts, positive trends are being noticed in Armenia’s economy. The head of the Central Bank explained that the 6% increase of the refinancing interest rate will entail increase of interest rates for loans by commercial banks.

“Bad assets” are the assets written out of the balances of banks.

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