Armenian banks’ consumer lending to residents hikes to 390.7bln drams in March

13.05.2014 14:38
Armenian banks’ consumer lending to residents hikes to 390.7bln drams in March

YEREVAN, May 13. /ARKA/. Armenian commercial banks’ consumer loans to residents amounted to a total of 390.7 billion drams in March, an increase of 6.8% compared to the beginning of the year, the Central Bank of Armenia reports on its website.

Consumer loans in drams alone accounted for 82% or totaled 319.1 billion drams, an increase of 6.3% compared to the beginning of the year level.

Card loans prevail in the consumer lending structure, having amounted to about 139.9 billion drams. Gold pledge loans were over 102 billion drams; household appliance loans amounted to 32.2bln drams and car loans were 18.8bln drams. Other consumer loans totaled 97.9 billion drams.

Aggregate loans extended by Armenia-based banks as of March 2014 amounted to 1,716.3 billion drams (1.9% increase), of it 1,084.2bln drams in foreign currency (2.9% increase).

There were 21 commercial banks registered in Armenia as of March 2014. ($1=413.21drams). –0


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