By October 2016 NPLs in Armenian banks grew by 3.7%

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).