ArmInfo.The volume of overdue loans in Armenian banks increased by 4.3% in the Q1, and decreased by 2.8% in y-o-y terms (against a decline of 2% a year earlier), amounting to 32 billion drams by April 1, 2019. According to the data of the Central Bank of Armenia, published in the report of the RA Statistics Committee, the volume of prolonged loans increased by 12.9% over the Q1, with y-o-y growth of 0.9%, making 99.4 billion drams.
The share of overdue in the total loan portfolio for the Q1 of this year amounted to 1.02% (against 1.21% a year earlier, and 1% in the previous quarter), and the share of prolonged loans - 3.15% (against 3.62% a year earlier, and 2.86% in the previous quarter).
In the portfolio of prolonged loans, 74% fall on short-term loans, while the remaining 26% fall on long- term loans, the absolute value of which was 73.6 billion and 25.7 billion drams, respectively. In the overdue loans, the lion's share falls on the long-term - 55.6% or 17.8 billion drams, and the remaining 44.4% or 14.2 billion drams - short-term.
In total, the volume of bank lending increased by April 2019 at 15.9% per annum, with a quarterly increase of 2.4%, reaching 3.151 trillion drams Excluding the prolonged and overdue loans, the credit investments of the banking system of Armenia increased by 16.7% a year, and in the Q1 - by 2%, making 3.020 trillion. Drams. The estimated exchange rate of the dram to the dollar amounted to March 29, 2019 amounted 486.44 drams / $ 1.
