YEREVAN, January 19. /ARKA/. The Central Bank of Armenia said in a statement posted on its official website that the lending to residents by commercial banks grew by 2.5% in late November from October to a total of 1.187.3 trillion drams. It said also lending to non-residents slashed by 9.4% to 48.8 billion drams.

The statement says lending to residents in Armenia’s national currency, the dram, rose by 1.5% to 472.2 billion drams and the lending in foreign currency grew by 3,2% to 715.2 billion drams. Lending in drams to non-residents dropped by 0.5% to 11.4 billion drams and in foreign currency dropped by 11.8% to 37.4 billion drams. ($1 – 388.25 drams). -0-