Overdue loans of Armenian banks drop by 6% to 35.3 billion drams

01.12.2017 21:39
Overdue loans of Armenian banks drop by 6% to 35.3 billion drams

YEREVAN, December 1. /ARKA/. The overdue loans of Armenian banks as of October 2017 decreased by 6% from the previous month to 35.3 billion drams, according to numbers, released by the National Statistical Service (NSS).

It said short-term overdue loans decreased by 3.7% to 13 billion drams, while long-term overdue loans decreased by 8.1% to about 22.2 billion drams. The amount of extended loans also decreased by 2.4% to 122.3 billion drams.

The banks’ credit investments in October grew by 0.6% to 2.346.5 trillion drams. Loans in foreign currencies grew by 0.07%, to the equivalent of 1.474.1 trillion drams, and loans in Armenian drams upped by 1.8% to 872.3 billion drams.

As of the end of October, aggregate loans of Armenian banks totaled 2.504.1 trillion drams, an increase of 0.36% from the previous month. ($ 1 - 484.30 drams) -0-


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