Armenian commercial banks’ lending to resident companies grows 5.2% to

13.03.2012 18:57
Armenian commercial banks’ lending to resident companies grows 5.2% to

YEREVAN, March 13. /ARKA/. Armenian commercial banks’ aggregate lending to resident companies grew 5.2% in January 2012, compared with January 2011, to more than AMD 757.5 billion.
According to the information available on the central bank’s website,
Loans extended in drams totaled AMD 156.9 billion in late January, after growing 0.6% over the month.
Loans in foreign currencies grew 6.5% to more than AMD 600.6 billion.
According to the source, loans extended to private companies in the national currency grew 0.8% in January 2012, compared with Dec 2011, to AMD 154.6 billion, and those in foreign currencies grew 8.2% to AMD 589.2 billion.
Instead, lending to the public sector in drams contracted by 12.9% to about AMD 2.3 billion, and in foreign currencies shrank by 41.5% to AMD 11.4 billion. ($1 – AMD 389.67). -0-


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