Friday, December 6 2013 18:23
In Armenian banks' loan book growth rates of foreign exchange lending slow down and those of AMD lending accelerate
ArmInfo. As of 1 November 2013, the Armenian banks' lending totaled 1.7 trillion AMD (no essential changes in October 2013, 13% growth as compared with Oct 2012). Over Jan-Sept 2013 the lending rose by 6.2%. The extended and overdue loans exclusive, the bank's lending totaled 1.6 trillion AMD.
According to the preliminary data of the Central Bank of Armenia, provided to ArmInfo by the National Statistical Service of Armenia, the share of AMD loans in the bank's loan book (extended and overdue loans exclusive) was 37.5% or 593.3 bln AMD, and the share of foreign exchange loans was 62.5% or 990.5 bln AMD. In October AMD lending grew by 1.7% (11.7% rise versus Oct 2012, 9.3% over Jan-Oct 2013). Foreign exchange lending dropped by 0.5% in October 2013 (up 3.5% versus Oct 2012, up 0.6% versus Jan-Oct 2013).
As of 1 November 2013, the share of extended loans made up 5% or 86.3 bln AMD. Over October 2013 the extended loans dropped by 4% (more than 3-fold growth versus Oct 2012, 59% growth over Jan-Sept 2013). The share of extended loans in the summary loan book of the banks fell by 0.3 pct points in Oct 2013 (up 1.8 pct points versus Oct 2012, up 1.6 pct points over Jan-Sept 2013).
As of Oct 31 2013 the share of overdue loans made up 1.4% or 24.4bln AMD (6% less than in Sept 2013, twice as much as in Oct 2012 and thrice as much as in Dec 2012).
In both cases the growth was ensured by short-term loans, which made up 88% of extended credits and 97% of overdue ones.
In Oct 2013 AMD loan rates dropped by 0.23%, as compared with Oct 2012 by 1.6%, in Jan-Oct 2013 by 0.42% to 15.57%.
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