Overdue loans at Armenia’s commercial banks shrink 28.3% to AMD 31.7 billion

03.12.2015 18:50
Overdue loans at Armenia’s commercial banks shrink 28.3% to AMD 31.7 billion

YEREVAN, December 3. /ARKA/. Overdue loans at Armenia’s commercial banks shrank 28.3% in October 2015, compared with the previous month, to AMD 31.7 billion, the National Statistical Service of Armenia reports.

In the overdue loans, short-term delays reduced by 18% to AMD 23.2 billion and long-term delays by 4646.5% to AMD 8.6 billion.

The total amount of loans with extended terms reduced 6.5% to AMD 115.4 billion.

Credit investments totaled AMD 1 889.9 billion in late October after growing 1.3% over the month.

Loans extended in foreign currencies contacted by 0.13% to AMD 1 224.2 billion, while dram loans grew 4% to AMD 665.7 billion.

Overdue loans were growing throughout several months this year mainly because solvent demand in the country fell due to tremendous decline in money transfers and trade. ---0---


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