YEREVAN, June 21. /ARKA/. Armenian commercial banks’ lending to residents grew 2.7% in April, compared with March, to AMD 592.4 billion, the Central Bank of Armenia said reviewing monetary indicators for April 2011.

According to teh review, the total amount of loans exteneded to companies in drams grew 0.2% in April, compared with March, to AMD 139.2 billion, and loans in foreign curencies grew 3.4% to AMD 451.6 billion.

Loans extended to private companies in drams grew 1% to AMD 139.2 billion and those in foreign currencies exceeded AMD 439 billion after growing by 7.8%, while loans extended to the public sector in drams contracted by 41.3% to AMD 1.6 billion and those in foreign currencies by 41.3% to AMD 12.6 billion. ($1 = AMD 373.96).–0—