In February lending to construction sector grew by 0.1 percent to 113 billion drams

22.04.2016 19:13
In February lending to construction sector grew by 0.1 percent to 113 billion drams

YEREVAN, April 22. /ARKA/. In 2016 February Armenian banks provided about 113 billion drams as loans to construction sector, which was by 0.1% more than in January, according to the monthly bulletin of the Central Bank of Armenia for February 2016.

In February, the bulk of construction loans- 70.3% - were provided in foreign currency. The equivalent in Armenian drams is over 87.1 billion, by 6% more than in January.

At the same time, the amount of loans provided to the construction sector in the national currency in the reporting period stood at 25.9 billion drams, a decrease of 0.5% from February.

Some 71.5 billion drams worth loans were channelled into  the construction of residential and non-residential buildings. The figure was down from 66.7 billion drams, which were provided in January. Also 15.9 billion drams were provided for construction of motor and railway roads, up from 15.7 billion drams, provided in January.  ($ 1 - 479.37 drams). -0-


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