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How Much Do Armenian Banks Owe To Foreigners?

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  • How Much Do Armenian Banks Owe To Foreigners?

    HOW MUCH DO ARMENIAN BANKS OWE TO FOREIGNERS?

    news.am
    May 25, 2012 | 01:47

    YEREVAN. - As of the end of the first quarter of 2012, Armenian
    commercial banks and credit organizations owe $870.7 million to the
    foreigners, the report of Armenia's Central Bank states.

    During this period, commercial banks and credit organizations in
    Armenia have attracted external credit facilities totaling to $467.8
    million. 14.6 percent of credits were in the form of long-term loans,
    59.7 percent of credits were received from Russia, 18.6 percent -
    from international organizations.

    The major creditor nation for Armenian commercial banks and credit
    organizations was Russia, whose share in total actives was 12.2
    percent.

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