Overdue loans of Armenian banks dropped by 6.2 percent

09.01.2018 13:23
Overdue loans of Armenian banks dropped by 6.2 percent

YEREVAN, January 9. /ARKA/. The overdue loans of Armenian banks slashed by 6.2% in late November 2017 when compared to the previous month, to 43.1 billion drams, according to the National Statistical Service (NSS).

According to the figures, short-term overdue loans decreased by 1.4% to 18.9 billion drams, while long-term overdue loans dropped by 9.5% to about 24.2 billion drams.

During the reporting period, the amount of extended loans decreased by 6% to 112.3 billion drams.
Credit investments made by the banks rose by 5% in late November to 2.141.4 trillion drams, while loans in foreign currency increased by 0.95% to the equivalent of 1.357.7 trillion drams, and loans in Armenian drams grew by 13.1% to 783.6 billion drams.

At the end of November, the aggregate amount of loans provided by Armenian banks stood at 2. 296.9 billion drams, an increase of 4.9%. ($ 1 - 484.93 drams). -0-


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