Monday, April 8 2013 14:10
Credit exposures of Armenian banks for Feb 2013 grew 2% to $4 billion
ArmInfo. Armenian commercial banks increased lending 2% to 1.632 trillion drams ($4 billion) as of March 1 2013. This indicator grew 24.3% versus Feb 2012. Exclusive of extended and overdue loans, total credit exposures amounted to 1.564 trillion drams growing 1.6% for Feb 2013 and 22% versus Feb 2012.
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 35% or 548.9 billion drams (up 0.6% for Feb 2013 and 13.8% versus Feb 2012). Foreign exchange loans totaled 65% or 1.015 trillion drams (up 2.2% for Feb 2013 and 26.7% vs. Feb 2012).
In the structure of loans provided by commercial banks as of June 1 2011 the share of extended loans was 3.3% or 54 billion drams (no significant changes versus Jan 2013 versus 1.6% or 20.9 bln drams in Feb 2012). Extended loans in total grew over twice versus Feb 2012. The share of overdue loans was 0.8% or 13.5 billion drams (versus 0.7% or 10.5 bln drams for Jan 2013, and 0.7% pr 7.8 bln drams for Feb 2013)
In the structure of extended loans, the share of short-term loans was the largest - 87.4% or 47.2 billion drams. The short-term loans totaled 98.2% of overdue loans or 13.2 bln drams. The interest rates for the loans in terms of the national dram for Feb 2013 fell by 0.57 points and by 2.59 points versus Feb 2012 to 15.52%. (The AMD/USD exchange rate for Feb 28 was 409.22 AMD/1USD).
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