Wednesday, August 31 2011 19:45
Credits provided by Armenian commercial banks in July 2011 underwent almost no changes
ArmInfo. Credits provided by the Armenian commercial banks in July 2011 underwent almost no changes, having totaled 1.110 trillion AMD or $3.1 billion (35.7% annual growth, 17.5% growth in Jan-July 2011). Exclusive of rolled over and overdue credits, this indicator totaled 1.065 trillion drams or $2.9 (0.1% decline in July).
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 40.7% or 433.7 bln AMD. The share of foreign exchange credits was 59.3% or 631.6 billion drams. In July 2011 the provision of crediting in AMD increased by 0.3%, and in foreign exchange declined by 0.4%.
The share of rolled over credits in total was 3.5% or 38.7 billion drams as of August 1 2011; the share of overdue credits in total was 0.5% or 5.5 billion drams. Over July 2011 the volume of rolled over credits grew by 0.55%, and the volume of overdue credits increased by 22.2% (36% over Jan-July 2011, 34.6% annual growth).
The share of short-term credits in rolled over credits was 56.8% or 22 billion drams. Almost all the overdue credits were short-term (99.1%).
The interests on deposits in terms of the national dram underwent no changes in July 2011 (1.08% annual decline) and totaled 17.24% by August 1.
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