Friday, November 16 2012 19:47

Foreign exchange component in Armenia's total economy crediting up from 59.4% to 63.9% over year


ArmInfo. In Sept 2012 as compared with Aug 2012 the share of foreign exchange loans in the total amount of loans issued to residents operating in the real sector underwent no changes, remaining at 63.9%. The Central Bank of Armenia reports that in Q3 this index dropped by 0.1 points (up 4.5 points in Sept 2012 versus Sept 2011).

In Sept 2012 as compared with Aug 2012 bank loans grew by 1.9% to 1.551tr AMD or $3.743bln by 1 October. As compared with Sept 2011 the index grew by 29.9%.

Most of the loans were trade loans, consumer loans, mortgage loans as well as loans issued in the processing, agriculture and energy sectors.

In Sept 2012 as compared with Aug 2012 the share of resident foreign exchange deposits in money supply rose by 0.1 points to 45.5% by 1 October 2012. As compared with Sept 2011 the index rose by 3.1 points.

By 1 Oct 2012 the share of foreign exchange deposits in the resident deposit portfolio made up 63.3% (down 0.3 points versus Aug 2012, up 1.5 points versus Sept 2011).

The share of resident foreign exchange call deposits in the call deposit portfolio made up 55.3% by 1 Oct 2012 (up 1.4 points versus Aug 2012, down 2.7 points versus Sept 2011).

In Sept 2012 as compared with Aug 2012 the share of foreign exchange time deposits in the portfolio of individual resident time deposits dropped by 0.1 points to 74.6%. As compared with Sept 2011 the index grew by 0.4 points.

In Sept 2012 as compared with Aug 2012 bank deposits grew by 3.7% to 1.165tr AMD or $2.9bln. As compared with Sept 2011 the index grew by 32.9%.
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