ArmInfo. The forex component in loan book of Armenian banking system keeps prevailing over the national currency component. By October 2016, the forex component made up 61.4% or 1.345 trillion AMD, with a 9.7% year-over-year growth, and a 0.5% decline in Q3. The AMD lending made up 38.6%, with an 8.3% year-over-year growth in absolute terms, and a 1.7% growth in Q3. According to the Central Bank's data provided to ArmInfo by the National Statistical Service of Armenia, by October 2016 the total amount of the banks' lending grew by 7.7% to 2.190 trillion (up 0.9% in Q3). Extended and overdue loans exclusive, the Armenian banking system's lending increased by 9.2% over year (up 1.6% in Q3) to 2.038 trillion AMD.
Overdue loans grew by 3.7% (down 0.8% in Q3) to 46 bln AMD by October 2016, and extended loans dropped by 14.2% (down 10.9% in Q3) to 105.9 bln AMD. In the structure of extended loans, long-term loans keep prevailing over short-term ones. Since June 2016, long-term loans started prevailing over short- term ones in the overdue loans.
In September 2016, the average interest rate of AMD loans was 17.25% (versus 17.88% a year before, and 16.66% a quarter before). On 30 Sept 2016, the AMD/USD exchange rate was 474.46 AMD/$1.