Armenian banks’ loans to residents shrink 0.1% to AMD 2.1 trillion in October

13.12.2016 15:29
Armenian banks’ loans to residents shrink 0.1% to AMD 2.1 trillion in October

YEREVAN, December 13. /ARKA/. The loans Armenian banks have extended to residents totaled AMD 2 096 billion in late October after shrinking 0.1% over the month, the Central Bank of Armenia reports.

Consumer loans dominated the Armenian banks’ aggregate loan portfolio with 20.4%. Commercial banks’ consumer loans to residents grew 1.9% to AMD 427.4 billion.

Trade came second in the bank’s aggregate loan portfolio – its share here grew 3.8% to AMD 390.8 billion. Mortgage lending grew 0.3% in October, compared with September, to 8.7%.

Mortgage loans to Armenia’s resident economy totaled AMD 181.7 billion.

Loans extended to residents in drams grew 1.1% to about AMD 759.8 billion, while loans provided in foreign currencies shrank 0.8% to AMD 1 336.9 billion.

According to the central bank, there are 18 commercial banks in Armenia now. ($1- AMD 483.58). -0----


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