YEREVAN, June 11. /ARKA/. Outstanding loans extended by Armenian commercial banks to residents totaled AMD 1.6 trillion in April after growing 0.5%, compared with the previous month, the Central Bank of Armenia says in its report summarizing monetary indicators for April 2013.

According to the report, outstanding loans extended to corporate clients amount to AMD 923.8 billion and make up about 57.7% of the banks’ aggregate portfolio of lending to residents, and individual loans total AMD 606 billion and constitute 37.8% of the portfolio.

The total amount of dram loans grew 3.1% in April, compared with March, to AMD 594.1 billion, while loans in foreign currencies shrank 0.9% to more than AMD 1004.8 billion.

Lending to non-residents grew 28.5% to about AMD 84.1 billion. The total amount of outstanding loans extended in drams contracted by 2.7% in April, compared with March, to about AMD 13 billion, while loans in foreign currencies grew 36.6% to AMD 71 billion. ($1 – AMD 413.06). ---0--