YEREVAN, April 3. / ARKA /. The amount of loans provided by Armenian banks grew by 9.5 percent in 2014 February year-on-year to more than 1.786 trillion drams, the National Statistical Service (NSS) said.

NSS said credit investments grew by 5.7 percent to about 1,654 billion drams, of which the equivalent of 1.033.4 trillion drams were loans in foreign currency and 620.6 billion drams in the national currency.

Overdue loans were said to have soared by 86.3 percent to about 25.1 billion drams at the end of February, making 1.4% of the total lending. Of that amount 23.1 billion drams were overdue short-term loans.

Extended loans in February 2014 amounted to about 107 billion drams (up 98 %). Of that amount about 74.4 billion drams were short-term loans. ($ 1 - 414.84 drams). -0 -