Tuesday, November 1 2011 18:52
Credits provided by Armenian commercial banks in Jan-Sept 2011 up 24%
ArmInfo. Credits provided by the Armenian commercial banks over September 2011 were up 3.5 to 1.170 trillion drams or $3.14 billion (38% y-o-y growth). Exclusive of rolled over and overdue credits, this indicator totaled 1.135 trillion AMD ($3.05 billion), with the growth in Sept being 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 453.6 billion drams (4.1% growth for Aug). The share of foreign exchange credits was 60% or 681.6 billion drams (4% growth for Aug).
The share of rolled over credits in total was 2.3% or 27.3 billion drams as of October 1 2011 (down 19.5% for Sept); the share of overdue credits in total was 0.7% or 8.3 billion drams (over twofold growth for Sept).
The share of short-term credits in rolled over credits was 58% or 15.8 billion AMD. Almost all the overdue credits were short-term (99.9%).
The interests on deposits in terms of the national dram were up 0.3% for September 2011 to 17.7% by 1 Oct 2011 (1.08% y-o-y decline).
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