Total volume of credit investments of banking sector of Armenia was increased by 2.9%

01.12.2009 21:39
Total volume of credit investments of banking sector of Armenia was increased by 2.9%

YEREVAN, December 1. /ARKA/. As of the end of October 2009 the total volume of credit investments of banking sector of Armenia was 684.4 billion drams which was increased by 2.9% or 19.4 billion drams compared with September 2009.

National Statistic Service of Armenia informs that the volume of credits in foreign currency was 358.8 billion drams as of end of October 2009 (increase by 2% or 7.2 billion drams in one month) and credit in drams – 325.5 billion drams (increase by 3.9% or 12.1 billion drams). As of end of October 2009 the volume of prolonged credits compared with September was 292 million drams up to 19.5 billion drams and the volume of overdue credits was 9 billion drams reduced by 1.9 million drams compared with September 2009.

Thus, total volume of provided credits by the banking sector of Armenia was about 712.8 billion drams which was increased by 2.5% or 17.2 billion drams during September. ($1 – 385.76 drams).--0—


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