Friday, November 1 2013 18:46
Credit exposures of Armenians banks grew some 11.5% as of 1 Oct, amid high rates of overdue loans
ArmInfo. Credit exposures of Armenians banks totaled 1.696 trillion drams as of 1 October 2013. The growth for Sept made up 1.2% amid 11.5% year over year growth. For Jan-Sept 2013 credit exposures grew 6.6%. Overdue and extended-loans exclusive, this indicator amounted to 1.579 trillion drams.
By preliminary data of the Central Bank provided to ArmInfo by the National Statistical Service of Armenia, the share of loans in AMD in the loan portfolio of banks (exclusive of extended and overdue loans) totaled 37% or 583.4 bln drams, with the share of loans in USD being 63% or 996 bln drams. Lending in terms of the national dram grew 0.8% for Sept, 11.7% versus the same period of 2012 and 7.4% for 9 months of 2013. Lending in terms of foreign exchange grew 0.5% for Sept, 1.1% for 9 months, and insignificantly over the year. The share of extended loans in bank loans made up 5.3% or 90.2 bln drams as of 1 Oct 2013. Extended loans grew 11% for Sept, nearly threefold versus Sept 2012 and nearly twofold for 9 months of 2013. The share of extended loans in the aggregate portfolio of bank loans grew 0.5 pp, versus the same period of 2012 – 3.3 pp and for Jan-Sept – 2 pp.
The share of overdue loans totaled 1.5% for late Sept or 25.4 bln drams. Overdue loans grew 10% for Sept, over twofold versus Sept 2012 and threefold for 9 months of 2013. The share in the aggregate loan portfolio of the banking system grew 0.1pp, 0.7pp and 1pp respectively.
For both the extended and overdue loans, short-term loans ensured the dynamics of growth. Short-term loans in the total extended loans made up 88% or 90.2 bln drams and in total overdue loans - 97.5% or 26 bln drams.
According to the source, interests rates on AMD loans in Armenia fell 0.75p for Sept, 0.6p versus Sept 2012 and 0.2p for 9 months of 2012 to 15.8% (exchange rate of USD for Sept 30 2013 totaled 405.29 AMD).
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