Lending to residents grows 2.9% to amd 1280.6 billion in Armenia

29.03.2012 18:03
Lending to residents grows 2.9% to amd 1280.6 billion in Armenia

YEREVAN, March 29./ARKA/. Armenian commercial banks’ aggregate lending to residents grew 2.9% in February 2012, compared with the previous month, to more than AMD 1280.6 billion, while their lending to nonresidents shrank 3.7% to AMD 40.8 billion.
According to the information available on the central bank’s website, loans extended to residents in drams totaled AMD 486.8 billion in late February after growing 0.7% over the month as those extended in foreign currencies grew 4.2% to AMD 793.8 billion.
Drams loans extended to nonresidents contracted by 5.1% to AMD 11.1 billion, and loans extended to them in foreign currencies reduced 3.1% to AMD 29.7 billion. ($1 – AMD 389.82). -0--


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