YEREVAN, January 31. / ARKA /. The volume of overdue credit investments in Armenia’s banking sector grew by 0.2% in November 2010 from the previous month to 4.7 billion Drams, according to Central Bank of Armenia’s (CBA) monthly bulletin for November, 2010, posted on its official website.
The figure was the equivalent of 0.5% of all credit investments of Armenian banks. According to the bulletin, the volume of time deposits grew by 2.3% in November as opposed to October 2010, to some 852.3 billion Drams or 94.6% of all credit investments. The volume of prolonged loans rose by 6.7% to 43.5 billion Drams or 4.9% of all credit investments.
The aggregate volume of credit investments of the banks rose by 2.5% from October to 900.5 billion Drams. Some 24% were short-term and the rest long-term investments. ($1 – 362.26 Drams). -0-
