Armenian commercial banks’ lending for residents grows 1.4% to amd 628.4 billion

12.08.2011 13:19
Armenian commercial banks’ lending for residents grows 1.4% to amd 628.4 billion

YEREVAN, August 11. /ARKA/. Armenian commercial banks’ lending for resident companies grew 1.4% in June 2011, compared with May, to AMD 628.4 billion, the Central Bank of Armenia says in its report on monetary indicators.

Loans extended to residents in drams grew 2.9% to AMD 149.6 billion and those in foreign currencies 0.9% to AMD 478.9 billion.

According to the report, dram loans extended to private companies grew 2.7% in June, compared with May, to over 462.9 billion, and loans in foreign currencies grew 0.4% to AMD 462.9 billion.

Loans in the national currency extended to state-owned organizations grew 16.4% to AMD 2.8 billion and those in foreign currencies 19.4% to AMD 15.9 billion. ($1 = AMD 368.27). -0-


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