YEREVAN, December 11. /ARKA/. Loans extended by Armenian commercial banks to residents totaled AMD 1 817.3 billion in late October 2014 after growing 7.9% since the beginning of this year, the Central Bank of Armenia reports at its official website.

Lending provided in Armenian drams amounted to more than AMD 675.3 billion in late October showing a 7.1 growth, and loans in foreign currencies have grown 8.3 since the beginning of this year to AMD 1 141.9 billion.

According to the regulator’s report, consumer loans dominated the banks’ aggregate loan portfolio in late October with their 23.15% share. They totaled AMD 420.8 billion after growing 15% over ten month of this year.

Industry has the second biggest share in the banks’ aggregate loan portfolio - 21.2%. Banks have lent AMD 385.9 billion to industrial companies (a 5.7% growth).

Lending to trade grew 2.7% over ten months to AMD 361.9 billion, mortgage lending grew 9.4% to AMD 156.7 billion, lending to agriculture shrank 12.2% to AMD 115.8 billion, to construction rose 5.7% to 115.7 billion, to transport and communication sector contracted by 14.5% to AMD 38.8 billion and to other areas increased 2.8% to AMD 11.3 billion.

Twenty one commercial banks operated in Armenia in late October 2014. ($1 – AMD 457.31). --- –0–--