Armenian banks overall lending grows by 1 percent in March

02.05.2017 16:53
Armenian banks overall lending grows by 1 percent in March

YEREVAN, May 2. /ARKA/. Armenia-based commercial banks’ aggregate lending grew by 1% or 24.6 billion drams in March 2017 to 2.422.9 trillion drams, according to the latest numbers, released today by the National Statistical Service (NSS).

Lending in foreign currency decreased to the equivalent of 1.425.5 trillion drams (a decline of 1.25%), while lending in the national currency increased to 846.6 billion drams (an increase of 3.7%). Overdue loans were said to have grown by 0.02% to 33.6 billion drams, and extended loans grew by 12.1% to 117.1 billion drams. -O-


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