Overdue loans at Armenia’s banks grow 7% in May 2017

06.07.2017 17:15
Overdue loans at Armenia’s banks grow 7% in May 2017

YEREVAN, July 6. /ARKA/. Overdue loans at Armenia’s banks grew 7% in May 2017, compared with the previous month, to AMD 36.9 billion, the Central Bank of Armenia reports on its official website.

Loans with extended terms totaled AMD 115.5 billion in late May after shrinking 0.5% over the month.

Credit exposure amounted to AMD 2 305.4 billion in late May 2017 showing a 0.3 percent month-on-month growth, of which AMD 1 444.8 billion in foreign currencies and AMD 1 195.2 billion in drams.

In total, loans amounted to AMD 2 458 billion in late May 2017 showing a 0.3% month-on-month growth. ($1 – AMD 480.26). --0----


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