Monday, August 2 2010 18:35
Credits provided by Armenian commercial banks over June 2010 up 2% to $2.2 bln
ArmInfo. Credits provided by the Armenian commercial banks over June 2010 were up 2%, and 9,3% over Jan-Jun 2010 (27,7% annual growth) to 805.6 bln AMD or $2.2 bln by 1 July 2010. Exclusive of rolled over and overdue credits, this indicator totaled 766.9 bln AMD or $2.1 bln, having increased by 1,9% in June (26,5% annual growth).
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 46% or 352.3 bln AMD (0,5% decline in June, 1,2% growth over Jan-Jun 2010, 16,6% annual growth). The share of foreign exchange credits was 54% or 414.6 bln AMD (4% growth in June, 15,8% growth in Jan-Jun 2010, 36,2% annual growth).
Long-term AMD credits made up 76% or 267.9 bln AMD (0,6% decline in June), and the share of short- term AMD credits was 24% or 84.3 bln AMD (0,2% decline in June). The share of long-term foreign exchange credits was 79% or 327.7 bln AMD (4,7% growth in June), and the share of short-term foreign exchange credits was 21% or 86.9 bln AMD (1,4% growth in June).
The share of rolled over credits in total was 4,2% or 33.6 bln AMD (4% growth in June, over twofold annual growth), the share of overdue credits in total was 0,6% or 5.1 bln AMD (8,5% growth in June, over twofold annual decline). The share of short-term credits in rolled over credits was 96% or 32.3 bln AMD. Almost all the overdue credits were short-term.
The interests on deposits in terms of the national dram were down for June 2010 from 20,02% to 18,66%, and up 0.02% as compared with June 2009.
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