YEREVAN, July 26. / ARKA /. According to the forecasts of Armenian banks by September of 2010 the volume of credits and deposits in Armenia will have increased by 78.7 billion drams (or 9,89%) and 38.8 billion drams (or 2,77%), respectively, compared with June 2010.

This was stated in the report, "Generalization of the survey of banks on the performance of the financial sector in the second quarter”, published on the official website of the Central Bank of Armenia.

In this case, according to forecasts, due to five largest banks the market of credits is to increase by 45.2 billion drams by September.

The report also says that by the end of the year, the volume of loans will increase by 26.94% or 198 billion drams, as compared with December 2009, and the amount of deposits will increase by 43.8 billion drams (or 6.7%).

According to the forecast of Armenian banks, the volume of mortgage loans by September 2010 will increase by 4.4 billion drams and the end of the year by 8.5 billion drams.  –0-