Armenian banks’ lending to resident economy upped 1.7% to over AMD 1 551,7bln in Feb

27.03.2013 14:07
Armenian banks’ lending to resident economy upped 1.7% to over AMD 1 551,7bln in Feb

YEREVAN, March 27. /ARKA/. Lending to Armenia’s resident economy by the commercial banks rose 1.7% in February  from January to 1 551,7 billion drams, according to the data published on Central Bank’s website.

AMD credits dived 0.2%  to over 537.5 billion drams in February from January. At the same time, the loans in foreign currencies increased by 2.8% to over 1014,1 billion drams.
According to the source, lending to industry had the highest share (24.9%) in the aggregate  lending by  the commercial banks. A total of 386.3 billion drams in loans was allocated to that sphere ( 1.3% growth from January).

Lending to the commercial sphere accounted for  21% (326.2 billion drams), which was  2.5% higher  from a month earlier.

Consumer lending accounted for  19.5%, which was 0.5% higher in February from January. Consumer loans to Armenia’s resident economy totaled nearly 301.9 billion drams in the reported month.

As of 28 February 2013, there are 21 commercial banks in Armenia. ($1 – 418.02 drams). —0-


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