Friday, August 5 2016 20:32

ArmInfo. The forex component in the loan book of the Armenian banking system prevails over the AMD component. The share of forex loans is 66% or 1.324 trillion AMD ($2.8 bln), with a 6.5% year-over-year growth in absolute terms and 0.6% growth in Q2 2016 alone. The share of AMD lending is 34% or 681.3 bln AMD, with 6.9% year-over-year rise and 3.5% growth in Q2 alone. A compared with the same period of 2015, the forex and AMD components in the loan book were 66.1% and 33.9%, respectively.

According to the National Statistical Service of Armenia, by July 2016, the total amount of lending of the banking system grew by 6.4% to 2.170 trillion ($4.6 bln), with 9.9% growth in Q2 alone. Extended and overdue loans exclusive, the lending of the Armenian banking system amounted to 2.005 trillion AMD ($4.2 bln), with a 6.7% y-o-y growth and 1.6% rise in Q2 alone.

By July 2016, the shares of extended and overdue loans made up 5.48% (versus 5.86% a year before and 5.34% a quarter before) and 2.14% (versus 2% a year before and 2.13% a quarter before). As compared with the same period of 2015, the amount of overdue loans in Armenian banks rose by 13.4% to 46.4 bln AMD by July 2016 (1.9% growth in Q2 alone), and the extended loans dropped by 0.5% over year (up 4.3% in Q2) to 119 bln AMD.

By July 2016, the average interest rate or AMD loans was 16.66% versus 17.35% a year before and 19.11% a quarter before. (As of June 30, 2016, the AMD/USD exchange rate was 476.68 AMD/$1.