Thursday, December 8 2016 20:19
Alina Hovhannisyan

Foreign exchange loans account for 64% of total loan portfolio of Armenian banks as of Nov 2016

Foreign exchange loans account for 64% of total loan portfolio of  Armenian banks as of Nov 2016

ArmInfo. Foreign exchange  loans accounted for 64% or 1.341tln drams of the total loan portfolio  in the banking system of Armenia as of Nov 2016. The year-over-year  growth is 9.5% and growth since the beginning of the year5.3%. The  national currency loans accounted for 36% or 753bln drams of total  with a 13.1% y-o- y growth and 12.9% growth since the beginning of  the year. 

According to data of the Central Bank of Armenia provided to ArmInfo  by the National Statistics Service, the bank lending increased 9.9%  y-o-y and 7.2% since the beginning of the year to 2.239 tln drams.  The extended loans and NPL exclusive, the loans in the banking system  of Armenia increased by 10.8% y-o-y and by 8% since the beginning of  the year to 2.094tln drams.

As of November 2016, the extended loans and NPL accounted for 4.57%  (5.67% a year ago and 5.29% in the beginning of the year) and 1.91%  (1.56% a year ago and 1.81% in the beginning of the year) of total  loans, respectively. The share of NPL of Armenian banks increased by  34.3% in year-over-year terms and by 12.8% by November 2016 to  42.7bln drams, amid 11.4% y-o-y decline of the extended loans and  7.5% since the beginning of the year to 102.3 bln drams. The extended  loans and NPLs are mainly long- term loans.

According to the statistics, the average interest rate on the loans  in terms of the national dram was 17.59% in October 2016 (versus  16.54 % a year ago and 15.36% in the beginning of the year). The  exchange rate of the national dram against U.S. dollar was 475.14  AMD/1USD on October 31 2016.


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