Credit Investments Of Banks Of Armenia In Resident Economy In August Increased By 2.7% To 1 075.1 Billion Drams

26.09.2011 21:09
Credit Investments Of Banks Of Armenia In Resident Economy In August Increased By 2.7% To 1 075.1 Billion Drams

YEREVAN, September 26. /ARKA/. Total credit investments of banking system of Armenia in resident economy at the end of August 2011 were over 1 075.1 billion drams increased by 2.7% or 27.8 billion drams compared to July 2011, states official site of Central Bank of Armenia.

It is worth mentioning that the largest weighted average in total credit investments of the banks is recorded in the industry (22.9%). In this sphere the banks allocated about 246.3 billion drams (growth by 7.7% compared to the indicator of the last month).

Trade is in the second place with the share of 22.3%, crediting of which increased by 5.1% to about 239.5 billion drams compared to the last month.

In the third place are consumer credits with the share of 17.8% which increased 2.4% compared to July. Consumer credits of commercial banks in resident economy of Armenia at the end of August reached about 191.2 billion drams. Mortgage loans of the banks in resident economy reached about 101.6 billion drams increased by 1%.

The banks allocated over 89 billion drams to the sphere of construction (decrease by 5.1% compared to the last month). Crediting of agriculture at the end of August was about 70.1 billion drams increased by 2.3%, sphere of services – 50.3 billion drams (growth by 13.6%), transport and communication – over 37.7 billion drams (growth by 9.5%). ($1 – 372.88 drams). –0-


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