YEREVAN, April 9, /ARKA/. The amount of overdue credits in February shrank by 5% from January to 5.1 billion Drams, the Central Bank of Armenia said in its monthly information bulletin.
The share of overdue credits in the overall amount of all credits was 0.7%, as much as in January. The share of time credits at the end of February grew by 2.2% from January to 722 billion Drams, making 95.6% of all credit investments.
The share of prolonged credits grew by 10.7% from January to 27.9 billion Drams, or 3.7% of all credit investments.
The aggregate amount of credit investments of all Armenian commercial banks at the end of February stood at 755 billion Drams, up from 736.8 billion Drams as of late January, growing by 2.5%. Short-term credit investments constituted 25.1%. ($1 – 399.45 Drams). -0-
