YEREVAN, November 9, /ARKA/. Overdue credit investments of Armenian commercial banks grew to 4.5 billion Drams in late September, growing by 8.2% from late August, the Central Bank of Armenia said in its monthly information bulletin for September posted on its official website.
The share of overdue credit investments in the aggregate volume of all credits made 0.5%.
Time credits rose by 2.8% in late September from August to 814.4 billion Drams, making 94.9% of all credit investments. Prolonged credits rose by 14.6% to 38.3 billion Drams, making 4.5% of all credit investments.
The aggregate amount of all credit investments of Armenian banks at the end of September 2010 stood at 858.4 billion Drams, up from 833.2 billion as of late August, rising by 3.%. Short-term credits made 24.5%, while long-term credits constituted 75.5%. ($1 – 362.99 Drams). –0–
