Lending to trade made 22.7% of all loans provided to residents in February

13.04.2012 14:54
Lending to trade made 22.7% of all loans provided to residents in February

YEREVAN, April 13. /ARKA/. The share of loans provided by Armenia-based commercial banks to trade in February 2012 made 22.7% of their overall outstanding loan portfolio, according to a Central Bank of Armenia report on aggregated money and credit indicators for February 2012.
The figure represented a 3.3% increase from January 2012 standing at 284.1 billion drams as of February 29.

According to the report, the share of lending to industry in the period under review was a little higher than the lending to trade making 23.2% of all loans, or more than 289.6 billion drams. Consumer loans accounted for 18.7% (234.1 billion drams) of the overall outstanding loan portfolio. Mortgage loans with a share of 8.8% or 110.3 billion drams came in forth, lending to construction sector made 7.7% or 96.6 billion drams, agriculture loans constituted 6.1% or 76.7 billion drams of the portfolio. Lending to transport and communication accounted for 3.3% or about 42.3 billion drams. ($1 - 391.77 drams). -0-


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