Friday, April 2 2010 18:00
Credits provided by Armenian commercial banks for February 2010 up 2,5% to $2 bln
ArmInfo. Credits provided by the Armenian commercial banks for February 2010 were up 2,5% to 755 bln AMD or $2 bln by 1 March 2010. Exclusive of rolled over and overdue credits, this indicator totaled 722 bln AMD or $1.9 billion, having grown by
2.2% for Feb 2010, and by 20.1% as compared with Feb 2009.
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 48,3% or 348.7 bln AMD (0,2% growth for Feb, 2% annual decline). The share of foreign exchange credits was 51,7% or 373.3 bln AMD (4,2% growth for Feb, 52% annual growth).
Long-term AMD credits made up 76,5% or 266.7 bln AMD (0,1% decline for Feb, 2,4% annual decline), and the share of short-term AMD credits was 23,5% or 82 bln AMD (1,2% growth for Feb, 0,4% annual decline).
The share of long-term foreign exchange credits was 79,8% or 297.8 bln AMD (5,2% growth for Feb, 55% annual growth), and the share of short-term foreign exchange credits was 20,2% or 75.5 bln AMD (0,7% growth for Feb, 40,8% annual growth).
The share of rolled over credits in total was 3,7% or 27.8 bln AMD as of March 1 2010 (10,6% growth for Feb, over 9 times annual growth), the share of overdue credits in total was 0,7% or 5.1 bln AMD (4,5% decline for Feb, 36% annual decline).
The share of short-term credits in rolled over credits was 97,2% or 27.1 bln AMD (10,6% growth for Feb, 9 times annual growth). Almost all the overdue credits were short-term.
The interests on deposits in terms of the national dram were up for February 2010 from 19,07% to 19,88%, and by 1 pct point as compared with February 2009.
Active consumer lending causes double-digit growth in bad loans 
Luys Foundation: Armenian government continues to face challenges in budget planning
Armenia`s brandy and winemaking industry in crisis - economist 
Even at embryonic stage, powerful impetus given to economic activity in energy sector - ENA acting manager 
Armenian NA OKs ENA nationalization 
China preparing to open new chapter of One Belt, One Road initiative with involvement of Armenia - diplomat 
The Merger between "Ardshinbank" CJSC and "Ardshininvestbank" CJSC Has Been Completed
Ticket packets 1.2% of total number of transport tickets in Yerevan