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Overdue Loans Of Armenian Banks In February 2015 Increase By 4.7% To

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  • Overdue Loans Of Armenian Banks In February 2015 Increase By 4.7% To

    OVERDUE LOANS OF ARMENIAN BANKS IN FEBRUARY 2015 INCREASE BY 4.7% TO 37.5 BILLION DRAMS

    07.04.2015 21:34

    YEREVAN, April 7. / ARKA /. Armenian commercial banks' overdue loans
    in February 2015 increased by 4.7% from the previous month to 37.5
    billion drams making 1.8% of their total lending, according to the
    numbers, released today by the National Statistical Service (NSS).

    NSS said about 67.9% of that amount or 25.5 billion drams were
    short-term loans, which increased by 6.3% in one month.

    At the same time, extended loans during the reporting period increased
    by 3.3% to approximately 129.5 billion drams, including 53.1 billion
    drams worth short-term loans.

    According to statistics, credit investments of the banks in February
    were 1.2% down from January standing at 1.916.7 trillion drams. Of
    that amount the equivalent of 1.272 trillion drams were foreign
    currency loans.

    As of February 2015 the total lending portfolio of 21 Armenian banks
    stood at about 2.083.8 trillion drams, a decline of 0.8% from late
    January. ($ 1 - 474.15 drams).

    http://www.armbanks.am/en/2015/04/07/86349/

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