Monday, October 3 2011 16:54
Credits provided by Armenian commercial banks in Jan-Aug 2011 up almost 20%
ArmInfo. Credits provided by the Armenian commercial banks over August 2011 were up 2% to 1.131 trillion drams or $3.078 billion (21.6% y-o-y growth). Exclusive of rolled over and overdue credits, this indicator totaled 1.091 trillion AMD ($2.97 billion), with the growth in August being 2.4%.
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% or 435.7 billion drams (0.5% growth for Aug). The share of foreign exchange credits was 60% or 655.6 billion drams (3.8% growth for Aug).
The share of rolled over credits in total was 3% or 33.9 billion drams as of September 1 2011 (down 12.4% for Aug); the share of overdue credits in total was 0.6% or 6.3 billion drams (up 12.7% for Aug).
The share of short-term credits in rolled over credits was 53.4% or 18.1 billion AMD. Almost all the overdue credits were short-term (99.3%).
The interests on deposits in terms of the national dram were up 0.15% for August 2011 to 17.39% by Sept 2011 (1.85% y-o-y decline).
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