Wednesday, May 30 2012 19:44
Over Q1 2012 foreign exchange lending in Armenia up from 60.6% to 62.2%
ArmInfo. In the total volume of the real sector crediting in Armenia, the share of foreign exchange loans provided to the residents made up 62.2% by 1 April 2012, having grown by 1.6 pct points over Q1 2012, by 3.7 pct points in March 2012 versus March 2011, and by 0.2 pct points in March alone. To recall, over Q1 2011 this index was up 1.9 pct points to 58.5%, over Q2 it was down 0.1 pct points to 58.6%, over Q3 2012 the index grew by 1 pct point to 59.4%, and over Q4 it rose by 0.8% to 60.6%.
According to the monthly issue of the Central Bank of Armenia, by 1 April 2012 the banking system provided loans worth 1.372 trillion AMD (7% growth over Q1 2012, 2.5% growth in March), 1.317 trillion AMD of them - to the residents. In the structure of the loans, almost 63.7% or 839 bln AMD fell on legal entities (12% growth over Q1 2012). The biggest share of foreign exchange loans (long-term loans) fell on the industrial sector (food industry, ore mining sector, production of beverages), housing construction, energy, trade, and agriculture.
Apr 1 2012 the share of resident foreign exchange deposits in the money supply made up 43% against 43.6% in Feb 2012 (2.6% less than in Mar 2011 and 1.2 more than in Dec 2011).
60% of resident deposits were foreign exchange deposits against 61.2% in Feb 2012 (5.1% less than in Mar 2011 and 0.6% less than in Dec 2011).
53.9% of time deposits were resident foreign exchange time deposits against 54.6% in Feb 2012 (6% less than in Mar 2011 and 0.7% more than in Dec 2011).
73.3% of individual resident time deposits were in foreign exchange against 74.3% in Feb 2012 (5.6% less than in Mar 2011 and 2.8% less than in Dec 2011).
According to the CB, in Q1 2012 deposits exceeded 1trl AMD (0.3% more than in Feb and 1.1% less than in Dec 2011). Resident deposits totaled 795bln AMD: 272.5bln AMD were call deposits, 522.6bln AMD time ones.
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