ArmInfo. The volume of overdue loans in Armenian banks in 2017 decreased by only 0.5% per annum, but only for the IV quarter - by 16.1%, amounting to 31.8 billion drams. According to the Central Bank of Armenia, provided by the ArmInfo National Statistical Service, at the same time, the volume of prolonged loans decreased, in annual terms by 0.7%, and for the IV quarter - by 20.5%, amounting to 99.6 billion drams.
The share of prolonged and overdue loans by 2018 were respectively 3.72% and 1.19% (against 4.14% and 1.32% in 2016, 5.02% and 1.52% in the third quarter of 2017).
In the prolonged, short-term loans dominate - 71% or about 70.7 billion drams, while long-term loans prevail over short-term loans in the portfolio of overdue loans: long-term loans - 67.6% or 21.4 billion AMD, and short-term loans - 32.4% or 10.3 billion AMD.
In total, the volume of bank lending in Armenia increased by 2018. at 11% per annum, amounting to 2.677 trillion AMD, with growth for the IV quarter by 7.3%. Without taking into account the prolonged and overdue loans, the credit investments of the banking system of Armenia increased by 11.6% on an annual basis, and by 9.2% in the fourth quarter, to 2.545 trillion AMD. (The calculated exchange rate of AMD as of December 31, 2017 was 484.10 AMD/USD1).
