Armenian commercial banks’ aggregate mortgage loan portfolio reaches AMD 112.4 billion in late March

27.04.2012 19:59
Armenian commercial banks’ aggregate mortgage loan portfolio reaches AMD 112.4 billion in late March

YEREVAN, April 27. /ARKA/. Armenian commercial banks’ aggregate mortgage loan portfolio reached AMD 112.4 billion in late March after growing 1.9%, compared with late February.

According to the information available on the central bank’s website, the loans extended in drams totaled 60.5 billion in late March after growing 0.6% over the month, and those extended in foreign currencies amounted to AMD 51.9 billion – 3.5% month-on-month growth.

The share of mortgage loans in banks’ aggregate lending portfolio was 8.7% in late March.
The loans extended by Armenian commercial banks to the resident economy totaled AMD 1.3 trillion in late March after growing 2.9% since late February.

There are 21 commercial banks in Armenia. ($1 – AMD 392.29). -0--


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