“Armenia’s Financial Sector Shows Positive Growth: Deposits Increase by 2.1% and Loans by 0.5% in February, Report Reveals”

According to the International Bank’s report, Armenia’s financial sector indicators remained steady in February. Deposits increased by 2.1% and loans by 0.5%. The report predicts a growth rate of 4.1% by 2024. Capital adequacy improved by 19.2%, while non-performing loans ratio decreased to 2.2%. Undeclared loans increased, lowering non-performing loans by 1% and reducing loan dollarization. Trending news from Armenia.