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Volume of crediting of residents of Armenia in June increased by 1.5% to about 1.1 trillion drams

YEREVAN, July 29. /ARKA/. Volume of credits provided in June to the commercial banks of Armenia for residents increased by 1.5% compared to May 2011 making 1.1 trillion drams.

Volume of crediting to non-residents reduced by 5.4% making about 55.6 billion drams, CBA report “Summarization of monetary-credit indicators for June 2011” states.

Credits provided to the residents in drams increased by 2.5% exceeding 442.5 billion drams as of June 30, 2011. This indicator in foreign currency increased by 0.8% making over 625.1 billion drams.

According to the report, dram credits to non-residents increased by over 2.1% making 10.7 billion. Foreign currency credits reduced by 7.1% exceeding 44.8 billion drams. ($1 – 364.42 drams). -0-

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