Wednesday, June 2 2010 16:53

ArmInfo. Credits provided by the Armenian commercial banks for April 2010 were down 1.4% to 780.1bn drams or $2 billion on May 1 2010. This indicator grew 20.8% per year. Exclusive of rolled over and overdue credits, this indicator totaled 743.3 billion drams or $1.9 billion, having fallen 1.1% for April and 18.6% versus April 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 47.5% or 353.1 billion drams (0.3% growth for April, and 9.8% growth versus April 2009). The share of foreign exchange credits was 52.5% or 390.1 billion drams (down 2.8% for April, and 28% versus April 2009).

The share of overdue credits in total credits in terms of dram was 76.8% or 271.2 billion drams (down 0.3% for April). The share of short-term credits was 23.2% or 82 billion drams (down 2.5% for April). Long-term foreign exchange credits made up 78.7% of total or $307.2 million (down 2.8% for April). The share of short-term credit was 21.3% or 82.9 billion drams (down 0.8% for April).

The share of rolled over credits in total was 4.1% or 32.3 billion drams as of May 1 2010 (down 6,4% for Apr, and up over 4 times versus April 2009). The share of overdue credits in total was 0.6% or 4.5 billion drams (down 2.1% for April and over 2 times versus April 2009.

The share of short-term credits in rolled over credits was 87.9% or 28.4 billion drams. Almost all the overdue credits were short-term.

The interests on deposits in terms of the national dram were up for April 2010 from 19.10% to 19.94%, and by 1.17 percentage points versus April 2009.