YEREVAN, August 25. / ARKA /. Overdue credit investments of Armenian banks at the end of June this year amounted to 4.5 billion drams, having increased by 20.9% from the beginning of the year, the Central Bank of Armenia said in its monthly information bulletin for June 2011 posted on its official website. It said the share of overdue credits in total credit investments rose to 0.5% at the end of the reporting period.
Time credit investments increased by 19.6% at the end of June from the beginning of the year to 1.066 billion drams or 95.3 % of all credit investments. Prolonged credit investments dropped by 16.1% from the beginning of the year to 48.5 billion Drams. Term loan investments at the end of June increased by 19.6% compared to the beginning of the year, reaching 1.066 billion drams, or 96.1% of credit investments.
The combined volume of credit investments of Armenian commercial banks stood at 1.109 billion drams at the end of June, rising from 941.5 billion Drams in early January. The growth was 17.9%. Short-term lending accounted for 26 % of all loans and long-term lending for 74. ($1 – 367.62 drams). -0-
