ArmInfo. In the loan portfolio of Armenia's banking system, currency loans remain dominant - 63% or 1.464 trillion AMD (over $ 3 billion), with an annual increase in absolute value of 10.6%, and only in the II quarter - by 2.7%. AMD accounts for 37% or 858.1 billion drams, with annual growth of 25.9%, and only for the second quarter - by 1.4%. In comparison with the same period last year, the share of the currency component was 66%, and an AMD one - 34%.
According to the Central Bank of Armenia, provided to ArmInfo by the National Statistical Service of the Republic of Armenia, the total volume of bank lending increased by July 2017. At 13.9% per annum, amounting to 2.473 trillion AMD ($ 5.1 billion), having increased only in the II quarter by 2.1%. Without taking into account the prolonged and overdue loans, the credit investments of the Armenian banking system amounted to 2.322 trillion ($ 4.8 bln), having increased by 15.8% on an annual basis, and only 2.2% in the second quarter.
The proportion of prolonged and overdue loans by July 2017 was 4.70% (against 5.48% a year earlier and 4.83% a quarter earlier) and 1.39% (against 2.14% a year earlier and 1.39% a quarter earlier). On an annual basis, the volume of overdue loans in Armenian banks fell by 25.48%, reaching 34.4 billion drams by July 2017, increasing by 2.2% in the second quarter alone, while the extended loans showed an annual decline of 2.2% % With a quarterly decline of 0.7%, amounting to 116.3 billion drams.
According to statistical data, the average interest rate on AMD loans by July 2017 was formed at the level of 12.56%, against 16.66%, a year earlier and 16.80% quarter earlier. (The calculated exchange rate of the AMD to the USD as of 30.06.17 - 480.47 AMD/USD1.)