Consumer credits rise by 2.4% to 134.6 billion drams

18.11.2009 15:50
Consumer credits rise by 2.4% to 134.6 billion drams

YEREVAN, November 18, /ARKA/. According to the monthly bulletin of Armenia’s Central Bank, the volume of consumer credits, allocated by commercial banks to local economic entities made 134.6 billion Drams in late September 2009.

The biggest share of credits was allocated to trade sector-22% or 143.7 billion Drams, which grew by 6.6% from August Consumer credits made 20.6%. They rose by 2.4% from August 2009 to 134.6 billion Drams, but fell by 23% from the beginning of the year.

Mortgage credits rose by 0.1 from August to 83.4 billion. The volume of industrial credits rose 2.6% from August to 116.3 billion. Agricultural credits fell by 3.5% to 45.2 billion Drams and construction credits rose by 2.7% to 49 billion Drams.

Aggregate credits allocated to local economic entities rose by 3.3% from August to 654.2 billion Drams in late September. Compared to the beginning of the year credits rose by 6 percent. ($1 – 387.48 Drams). -0-

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