Overdue loans at Armenia’s commercial banks shrink 7.8% to AMD 25.6 billion in June

31.07.2014 20:54
Overdue loans at Armenia’s commercial banks shrink 7.8% to AMD 25.6 billion in June

YEREVAN, July 31. /ARKA/. Overdue loans at Armenia’s commercial banks totaled AMD 25.6 billion in late June after shrinking 7.8% over the month and made up 1.37% of their aggregate loan portfolio, National Statistical Service reports.

Short-term loans amounted to about AMD 22.4 billion and made up 87.4% of the aggregate loan portfolio.

Loans with prolonged terms grew 7.4% in June, compared with May, and totaled about AMD 111.7 billion. Short-term loans here totaled AMD 600 billion.

According to the statistical report, the credit investments of the country’s banks grew 0.17% in June, compared with May, to AMD 723.8 billion. Loans in foreign currencies amounted to AMD 1 067.3 million.

The aggregate loan portfolio of Armenia’s commercial banks amounted to about AMD 1 861.2 billion in June 2014. ($1 – AMD 406,01). ---0----


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