Credits provided by Armenian commercial banks for Jan-Nov 2009 up 13,1% to $1.8 billion

The preliminary data of the Armenian Central Bank provided to ArmInfo by the National Statistical Service of Armenia, say in the total credit portfolio of commercial banks (rolled over and overdue loans exclusive), the share of credits in terms of Armenian dram was 48,2% or 334.6 billion drams (2.8% growth for Nov, 13.5% decline for Jan-Nov). The share of foreign exchange credits was 51.% or 359.4 billion drams (0.2% growth for Nov, 48.6% for Jan-Nov).

Long-term AMD credits made up 78,2% of total or 261.7 billion AMD (up 1.2% for Nov, down 8.8% for Jan-Nov), and the share of short-term AMD credits was 21,8% or 72.8 billion drams (9% growth for Nov, 27% decline for Jan-Nov). The share of long-term foreign exchange credits was 78,6% (282.4 bln AMD, 1.3% growth for Nov, 48,7% growth for Jan-Nov), and the share of short-term foreign exchange credits was 21,4% (77 bln AMD, 3,7% decline for Nov, 48,4% growth for Jan-Nov).

The share of short-term credits in rolled over credits was 95,6% or 16.4 billion drams (down 10.8% for Nov, up almost 5 times for Jan-Nov). Almost all the overdue credits were short-term. The interests on deposits in terms of the national dram were down for November from 18.66% to 18.65%, which was 2.16 percentage points lower than in January.