ArmInfo. The volume of overdue loans in Armenian banks decreased by 21.6% year-on-year, to 1 June 2017. 37 billion AMD. According to the Central Bank of Armenia, provided by ArmInfo National Statistical Service, in parallel with this, the volume of prolonged credits increased by 1.8%, amounting to 115.5 billion AMD.
The proportion of prolonged and overdue loans by June 2017 was 4.70% (versus 5.28% a year ago) and 1.51% (versus 2.19% a year ago). In the portfolio of overdue loans, 57.8% accounted for long-term loans, and the remaining 42.2% - for short-term loans, the absolute value of which amounted to 21.4 billion and 15.6 billion AMD, respectively. In prolonged loans, the lion's share also falls on the long-term - 57.4% or 66.3 billion AMD, while the share of short-term loans made up 42.6% or 49.3 billion AMD. In total, the volume of bank lending increased by June 2017. At 14.4% per annum, amounting to 2.458 trillion AMD. Without taking into account the prolonged and overdue loans, the credit investments of the banking system of Armenia increased by 15.9% year-on-year, 2.305 trillion AMD. (The calculated exchange rate of the dram to the dollar as of 31.05.17 was 482 AMD / $ 1).
