YEREVAN, December 7, /ARKA/. Consumer credits of Armenian commercial banks allocated to Armenian companies stood at 133.8 billion Drams at the end of October, the Central Bank of Armenia said today in its monthly bulletin.
The bulk of all credits -22.5%- or 150.2 billion Drams, was invested in trade, growing by 4.5% from the previous month of September, according to the Central Bank.
Consumer credits made 20% of all credits, falling by 0.7% from September and 23.4% from the beginning of the year. Mortgage credits constituted 83.7 billion Drams, rising by 0.4% from September.
Also 121.5 billion Drams were invested in industry, rising by 4.5% from September; 42.8 billion Drams were invested into agriculture, dropping by 5.5% and 51 billion Drams into construction, rising by 4.2% Overall credit investments of Armenian banks in Armenian economy at the end of October stood at 668.8 billion Drams, growing by 2.2% from September. ($1 – 385.21 Drams).–0–
