Consumer credits of the banks of Armenia were 134.8 billion drams increased by 0.8 as of the end of November 2009

14.01.2010 20:22
Consumer credits of the banks of Armenia were 134.8 billion drams increased by 0.8 as of the end of November 2009

YEREVAN, January 14. /ARKA/. Consumer credits of commercial banks in the economy of Armenia were increased by 0.8% making 134.8 billion drams as of November 2009 compared with October 2009.

The largest share in total credit investments was in trade – 22.3%. During the reporting period the banks provided 150.3 billion drams to the trade sector (increase compared with the indicators of the last month – 0.1%). The second largest share of consumer credits is 20% which were increased by 0.8% and reduced by 22.8% compared with the beginning of the year.

Mortgage loans of the banks in the economy made 84.1 billion drams increased by 0.5% compared with the indicator of October. During the reporting period the banks allocated 126.5 billion drams to industry sector (increase by 4.1% compared with the last month). Crediting of agriculture was 42.5 billion drams as of the end of November reduced by 0.6% and construction – 50.8 billion drams (decline of 0.4%).

Total credit investments of the banking sector of Armenia in the economy was 673.1 billion drams as of the end of November 2009 increased by 0.6% or 4.3 billion drams compared with e indicator of October 2009. Credit investments of commercial banks were increased by 8.9% or 55.3 billion drams. ($1 – 378.14 drams).—0—


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