Tuesday, March 6 2012 17:51
Armenian commercial banks increased lending 26.9% to $3.3 billion for July 2010
ArmInfo. Armenian commercial banks decreased lending 0.2% for Jan 2012, to $1.3 trillion drams as of 1 February ($3.3 bln), and increased by 38,2% versus Jan 2011. Exclusive of extended and overdue loans, total provision of crediting fell by 0,2% for January and amounted to 1.2 trillion drams ($3.2 mln).
The preliminary data of the Central Bank of Armenia provided to ArmInfo by the National Statistical Service of Armenia say that the share of loans in terms of the national currency (exclusive of extended and overdue loans) was 38,6% or 481.5 billion drams, and foreign currency - 61,4% or 765.5 bln drams. The dram crediting dropped by 0,2% for Jan 2012 (growth by 26,3% versus Jan 2011) , and foreign currency - by 0,33% (growth by 48,2% versus Jan 2011).
In the structure of loans provided by commercial banks as of Feb 1 2012, the share of extended loans was 1.6% or 20.6 billion drams, the share of overdue loans was 0.5% or 6.9 billion drams. The share of the extended loans dropped by 2,3% for Jan 2012 (almost twofold versus Jan 2011). The share of the overdue loans grew by 20% (almost twofold versus Jan 2011). The share of the short-term loans in the structure of the overdue loans was 99,8%. In the structure of the extended loans the share of the (down 19.6% for July and down almost 3-fold versus Jan-Jul 2009). The In the structure of extended loans, the share of short-term loans was 72,6% or 14.9 bln drams.
The interest rates for the loans in terms of the national dram for Jan 2012 grew from 17.7% to 18.62% whereas versus Jan 2011 the interests grew by 0.37 percentage points.
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