YEREVAN, October 7. /ARKA/. Armenian commercial banks’ loans to residents rose by 1.1% to over 1,779.8 billion drams in August compared to July, the website of the Central Bank of Armenia reported.

Dram loans to residents dropped by 0.4% to over 656 billion drams in August against July. At the same time, loans in foreign currency rose by 2% to about 1,123.7 billion drams.

According to the source, consumer loans accounted for 23% of the total lending and amounted to about 407.84 billion drams (1.3% increase).

Commercial banks’ loans to industries totaled about 381.3 billion drams (1.6% increase) and accounted for 21.4%.

Loan investments in trade amounted to 346.4 billion drams in the reporting month, a reduction of 0.4% only.

Mortgage lending was 154.1bln drams (1.5% increase) and loans to agriculture totaled 115.3 bln drams (0.4% reduction). Lending to construction amounted to 114.8 bln drams (3.8% increase), that to transport and communications was 39.6bln drams (0.9% increase). Other sectors received a total of 111.3 bln drams in loans from banks (1.56% increase).

As of the end of August, there were 21 commercial banks in Armenia. ($1 – 408.48 drams). –0–