Loans from Armenian banks rise to 1.8trln drams by end March

07.05.2014 13:22
Loans from Armenian banks rise to 1.8trln drams by end March

YEREVAN, May 7. /ARKA/. Loans extended by Armenia’s commercial banks amounted to about 1,811 billion drams by the end of March, an increase of 10.8% compared to March 2013 level, ArmStat reported.

Loan investments totaled about 1,683.9 billion drams (7.8% increase), of it over 1,047.9bln drams were in foreign currency and about 636bln in drams.

Overdue loans amounted to about 25.9 billion drams by the end of March (increase of 98.9%) or 1.4% of all loans. Of this, over 23.4 billion drams are the short-term loans.

Prolonged loans exceeded 101 billion drams in March 2014 (increase of 73.1%). Of it about 58.7 billion drams were short-term loans. ($1=413.76drams). -0-


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