YEREVAN, November 9. /ARKA/. Armenian banks’ aggregate credit investments in the country’s resident economy reached AMD 1104.7 billion by late September 2011 after growing 2.6% or by AMD 29.6 billion, compared with August.

According to the information available on the central bank’s official website, their lending to industry accounts for 23.3% of the banks’ aggregate loan portfolio. Banks have lent AMD 257.8 billion to this sector of the national economy – 4.7% month-on-month growth.

They also have lent AMD 248 billion to trade segment – 22.4% share in the loan portfolio and 3.5% month-on-month growth.

Consumer loans extended to the resident economy grew 3% in September, compared with August, to AMD 197 billion and made up 17.8% of banks’ aggregate credit portfolio.

Mortgage loans totaled AMD 103.3 billion in late September after growing 1.5% since the beginning of that month.

Banks’ lending to the construction sector amounted to AMD 88.1 billion in September (1.1% decline, compared with August).

Agricultural loans totaled AMD 69.8 billion in late September (0.4% decline).

Loans extended to services area reached AMD 52.2 in late September billion after growing 3.7%, compared with the previous month, and those extended to transport and telecommunication sector amounted to AMD 39.4 billion after growing 4.5%. ($1 = AMD 382.89). --0—