Friday, April 5 2013 21:51

Economy lending in Armenia grows by 26.1% over year


ArmInfo. In Feb 2013 versus Feb 2012 the economy lending rates in Armenia grew by 26.1%. The press service of the Central Bank of Armenia reports that foreign exchange loans keep on prevailing in the structure of economy lending.

The source says that by late Feb 2013 the monetary stock of Armenia amounted to 1.347 trillion AMD (20.9% y-o-y growth, 2% growth versus Jan 2013). The AMD stock grew by 13% versus Feb 2012 and by 0.6% versus Jan 2013, totaling 713.5 bln AMD.

In the structure of monetary stock the AMD deposits grew by 19% versus Feb 2012 and by 3.8% versus Jan 2013, totaling 371 bln AMD (27.5% of the monetary stock). Foreign exchange deposits increased by 31.4% versus Feb 2012 (or by 24.8%, excluding the impact on the exchange rate changes) and by 3.7% versus Jan 2013, totaling 633.4 bln AMD (47% of the monetary stock).

AMD cash outside the banking system amounted to 342.2 bln AMD (25.4% of the monetary stock), having grown by 7.1% versus Feb 2012 and declined by 2.7% versus Jan 2013.

Net foreign assets were fixed at negative 210.9 bln AMD, and internal assets were fixed at 1.558 trillion. In the structure of internal assets, the payables to the Government were fixed at negative 22.4 bln AMD. The share of economy made up 1.746 trillion AMD.

In this amount the share of organizations (non-financial ones) was 1.024 trillion AMD, households - 665.3 bln AMD, non-commercial enterprises - 29.7 bln AMD. The AMD/USD exchange rate as of 28 Feb 2013 was 409.22 AMD/$1.
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