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Interfax
Aug 9 2004
Combined Armenian bank credit portfolios expand 18% in H1
Yerevan. (Interfax) - Credit portfolios held by commercial banks in
Armenia increased 17.9% year-on-year to an aggregate 126.3 billion
dram in the first half of 2004.
The National Bank of Armenia reported that they had increased 5.3% in
June from May.
The bulk - 81.2 billion dram - of credit investments (excluding
extended and overdue credits) was currency credits, of which 38.7
billion dram represented long-term loans. Investments in the national
currency combined to 38.2 billion dram.
The official exchange rate for August 6: 518.34 dram/$1.
Aug 9 2004
Combined Armenian bank credit portfolios expand 18% in H1
Yerevan. (Interfax) - Credit portfolios held by commercial banks in
Armenia increased 17.9% year-on-year to an aggregate 126.3 billion
dram in the first half of 2004.
The National Bank of Armenia reported that they had increased 5.3% in
June from May.
The bulk - 81.2 billion dram - of credit investments (excluding
extended and overdue credits) was currency credits, of which 38.7
billion dram represented long-term loans. Investments in the national
currency combined to 38.2 billion dram.
The official exchange rate for August 6: 518.34 dram/$1.