ArmInfo. By November 1, the NPLs in Armenian banks experienced 34.3% year-over-year growth. In Jan-Oct 2016, the NPLs grew by 12.8% to 42.7 bln AMD. According to the National Statistics Service of Armenia, extended loans declined by 11.4%, (down 7.5% in Jan-Oct 2016) to 115.4 bln AMD.
By November 2016, the share of extended loans made up 4.57% (versus 5.67% a year before and 5.29% in early 2016), while the share of NPLs made up 1.91% (versus 1.56% a year before and 1.81% in early 2016).
The share of long-term loans in the portfolio of NPLs was 53.7%, with the share of short- term ones being 46.3%. In absolute terms, they totaled 23 bln AMD and 19.7 bln AMD, respectively. In the portfolio of extended loans, the share of long-term loans was 63% (64.5 bln AMD), with the remaining 37% or 37.7 bln AMD being short-term loans.
By November 1, 2016, the banking system's lending grew by 10.8% over year (up 8% since early 2016) to 2.094 trillion AMD. NPLs and extended loans inclusive, this indicator amounted to 2.239 trillion AMD. (On 31 Oct 2016, the AMD/USD exchange rate was 475.14 AMD/$1).