ArmInfo. By October 1, the NPLs in Armenian banks experienced 3.7% year-over-year growth. In Q3 2016, the NPLs dropped by 0.8% to 46 bln AMD. According to the National Statistical Service of Armenia, extended loans declined by 14.2%, (down 10.9% in Q3) to 105.9 bln AMD.
By October 2016, the share of extended loans made up 4.8% (versus 6.1% a year before and 5.5% a quarter before), while the share of NPLs made up 2.1% (versus 2.2% a year before and 2.1% a quarter before).
The share of long-term loans in the portfolio of NPLs was 58.3%, with the share of short-term ones being 41.7%. In absolute terms, they totaled 26.8 bln AMD and 19.1 bln AMD, respectively. In the portfolio of extended loans, the share of long-term loans was 74.2% (78.6 bln AMD), with the remaining 25.8% or 27.4 bln AMD being short-term loans.
By October 1, 2016, the banking system's lending grew by 9.2% over year (up 1.6% in Q3) to 2.038 trillion AMD. NPLs and extended loans inclusive, this indicator amounted to 2.190 trillion AMD. (On 30 Sept 2016, the AMD/USD exchange rate was 474.46 AMD/$1).
