Outstanding Lending Of Armenian Banks To Resident Economy Grows By 0.3% From June

07.09.2011 21:21
Outstanding Lending Of Armenian Banks To Resident Economy Grows By 0.3% From June

YEREVAN, September 7. / ARKA /. The aggregate outstanding lending of Armenian banks to the resident economy amounted to more than 1.047 trillion drams at the end of July this year having increased by 0.3% or 2.6 billion drams from June, according to Central Bank of Armenia’s monthly bulletin for July, posted on its official website.

The largest portion of loans- 21.8%- was provided to industrial sector. In terms of money it was equal to 228.8 billion drams. The figure, however, represented a 0.9% decline from June. Some 21.7% of total loans or 227.9 billion drams (a 2.6% rise from June) were channelled into trade.

Some 17.8% of the loans were consumer credits, which decreased by 0.9% from June to about 186.8 billion drams. Mortgage loans reached about 100.6 billion drams, having increased by almost 6% from the previous month.

Some 93.9 billion drams were channelled into construction sector (a 7.6% growth compared to the previous month). Agricultural lending increased by 3.1% to more than 68.5 billion drams. Loans to services sector dropped by 9.3% to 44.3 billion drams and loans to transport and communications sector slashed by 9.8% to about 34.4 billion drams. ($1 - 369.77 AMD). –0--

LOAN INVESTMENTS OF COMERICA BANKS IN RESIDENT ECONOMY

(mln. AMD)

May 2011 June 2011 July2011
Industry 228931 231023 228758
Agriculture 65347 66426 68501
Construction 83597 87257 93860
Transport and communications 38561 38199 34439
Trade 220376 222133 227862
Services 47598 49009 44315
Consumer loans 187208 188410 186766
Mortgage loans 93782 94928 100577
Other 64062 67297 62213
total 1029462 1044681 1047292

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