YEREVAN, October 7, /ARKA/. At the end of August Armenian commercial banks had a total of 4.2 billion Drams worth overdue credit investments, by 1% more than at the end of July, the Central Bank of Armenia said in its monthly bulletin for August posted on its official website.
The share of overdue credits in the overall amount of credit investments was 0.5%. Time credit investments grew by 2.3% at the end of August from July to 792 billion Drams, making 95% of all credits, according to the bulletin. Prolonged credits stood at 35.9 billion Drams rising by 5% from July and making 4.5% of all credit investments.
The aggregate amount of all credit investments of local banks at the end of August rose to 833.2 billion Drams from 817.4 billion at the end of July (1.9% growth). Short-term credits accounted for 25% of all credits. ($1 – 360. 52 Drams). -0-
