AMD 173 billion invested in processing industry by Armenia’s commercial banks in February 2016

28.04.2016 18:10
AMD 173 billion invested in processing industry by Armenia’s commercial banks in February 2016

YEREVAN, April 28. /ARKA/. Armenia’s commercial banks invested AMD 173 billion in processing industry in February 2016 showing a 1.46% month-on-month growth, the Central Bank of Armenia reports in a fresh issue of its monthly bulletin.

The banks have made their investments mostly in foreign currencies – 80.7% of their total investments in the country’s processing industry or AMD 145 billion (1.7% growth, compared with the amount recorded in the previous month).

Their dram investments in the processing industry totaled AMD 28 billion in February showing a 1% decline.

The banks’ investments in food industry made up 31.4% of their total investments in the procession industry – about 31.4%.

Lending to food industry amounted to AMD 54.3 billion in late February against AMD 53.9 billion in late January.

Armenia has 21 registered commercial banks now. ($1 – AMD 479.38). ---0---


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