00:00The central bank says REL gross domestic product declined by 0.5% in 2025, compared with growth of 2
00:08.6% the previous year.
00:10While activity in the energy sector improved, slower growth in the non-energy sector weighed on overall economic performance.
00:18The report also shows that sovereign debt rose to 84.4% of gross domestic product by the end of
00:262025, up from 81.2% a year earlier.
00:31Despite these pressures, the central bank says, the domestic financial sector remained broadly resilient,
00:38with key indicators relating to capital adequacy, asset quality and profitability remaining satisfactory.
00:45However, it identifies several vulnerabilities, including rising debt, household indebtedness, liquidity pressures and growing cyber and operational risks.
00:57The report also notes an increase in non-performing loans among corporate borrowers, while the rate for households remained unchanged.
01:06The central bank says financial stability risks remained moderate to elevated during the review period,
01:13reflecting domestic weaknesses and external pressures, including geopolitical tensions and uncertainty in international trade.
01:22Aksha Galstan, TV6 News.
