ArmInfo. The loan portfolio of the banking system of Armenia, currency component continues to dominate - 63.9% or 1.456trln drams by January 1st 2017, with an increase in annual terms by 14.4%, and only for the IV quarter by 8.3%, taking into account the prolonged and overdue loans. At the same time on the AMD credits has 36.1% share or 824.2bln drams, with an annual growth of the absolute value of 23.6% and quarterly - by 19%.
According to Armenia's Central Bank data, provided to ArmInfo by the National Statistical Service of Armenia, the total bank lending increased by January 2017. 15.5% per annum, reaching 2.412trln AMD, with growth for the IV quarter of 10.2%. Excluding prolonged and overdue loans, credit investments of the banking system of Armenia have increased in annual terms by 17.6%, while in the IV quarter - by 11.9% and amounted to 2.280 trillion. AMD.
The share of extended and overdue loans in 2017 amounted to 4.14% and 1.32% (against 5.29% and 1.81% in 2015, 4.84% and 2.1% in the III quarter of 2016). In the context of the annual volume of non-performing loans decreased by 15.6% in Armenian banks, for the quarter - by 30.5%, amounting to 2017. 31.9bln. AMD. The amount of extended loans decreased during the year by 9.7%, and for the quarter - by 5.8%, amounting to 99.8bln AMD. Moreover, in the long-acting credits dominate long-term loans, whereas in the past due account for the dominant short-term.
According to NSS data, the average rate on AMD loans in December 2016 was at the level of 15.38%, against 15.36% in 2015 and against 17.25% in the previous quarter. (Current rate of dram on 31.12.2016g was 483.94 AMD / $ 1).