ArmInfo. The volume of overdue loans in Armenian banks as of July 1, 2017 was 34.4 billion ($ 71.5 million), having decreased by 25.8% year-on-year. In parallel with what the volume of prolonged loans, declining for the year by 2.2%, amounted to July of this year 116.3 billion drams ($ 242 million). For the II quarter, overdue loans increased by 2.2%, while extended, on the contrary, decreased by 0.7%.
The proportion of prolonged and overdue loans by July 2017 was 4.70% (against 5.48% a year earlier and 4.83% a quarter earlier) and 1.39% (against 2.14% a year earlier and 1.39% a quarter earlier).
In the portfolio of overdue loans, 52% accounted for long-term loans, and the remaining 48% - for short- term loans, the absolute value of which amounted to 60.4 billion and 55.8 billion drams, respectively.
In prolonged credits, the lion's share also falls on the long-term - 57.6% or 19.8 billion, while the short-term share made up 42.64% or 14.6 billion.
According to the Central Bank of Armenia, the total volume of bank lending increased by July 2017. At 13.9% per annum, amounting to 2.473 trillion ($ 5.1 billion), having increased only in the II quarter by 2.1%. Without taking into account the prolonged and overdue loans, the credit investments of the Armenian banking system amounted to 2.322 trillion. ($ 4.8 bn), having increased by 15.8% on an annual basis, and only 2.2% in the second quarter. (The calculated exchange rate of the AMD to the USD as of 30.06.17 - 480.47 AMD/USD1.)
