Saturday, July 3 2010 15:44
Credits provided by Armenian commercial banks in May 2010 up 1,2% to $2.083 bln
ArmInfo. Credits provided by the Armenian commercial banks in May 2010 grew by 1,2%, and by 24,3% as compared with May 2009, having totaled 789.8 bln AMD or $2.083 bln by June 1 2010. Exclusive of rolled over and overdue credits, this indicator totaled 752.7 bln AMD, or $1.985 bln, having increased by 1,3% in May as compared with April, and by 22,7% as compared with May 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% or 354.2 bln AMD (0,3% growth for May, 14,6% annual growth). The share of foreign exchange credits was 53% or 398.6 bln AMD (2,1% growth for May, 31,1% annual growth).
Long-term AMD credits made up 76,1% or 269.6 bln AMD (0,6% decline for May), and the share of short- term AMD credits was 23,9% or 84.5 bln AMD (3,1% growth for May). The share of long-term foreign exchange credits was 78,5% or 312.8 bln AMD (1,8% growth for May), and the share of short-term foreign exchange credits was 21,5% or 85.7 bln AMD (3,4% growth for May).
The share of rolled over credits in total was 4% or 32.3 bln AMD (0,01% growth for May, almost three- fold annual growth), the share of overdue credits in total was 0,6% or 4.7 bln AMD (4,4% growth for May, over two-fold annual growth). The share of short-term credits in rolled over credits was 95% or 30.7 bln AMD. Almost all the overdue credits were short-term.
The interests on deposits in terms of the national dram rose in May from 19,94% to 20,02%, and by 1.4% as compared with May 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