Outstanding Lending Of Armenian Banks To Resident Economy Grows By 0.3% From June

YEREVAN, September 7. / ARKA /. The aggregate outstanding lending of Armenian banks to the resident economy amounted to more than 1.047 trillion drams at the end of July this year having increased by 0.3% or 2.6 billion drams from June, according to Central Bank of Armenia’s monthly bulletin for July, posted on its official website.

The largest portion of loans- 21.8%- was provided to industrial sector. In terms of money it was equal to 228.8 billion drams. The figure, however, represented a 0.9% decline from June. Some 21.7% of total loans or 227.9 billion drams (a 2.6% rise from June) were channelled into trade.

Some 17.8% of the loans were consumer credits, which decreased by 0.9% from June to about 186.8 billion drams. Mortgage loans reached about 100.6 billion drams, having increased by almost 6% from the previous month.

Some 93.9 billion drams were channelled into construction sector (a 7.6% growth compared to the previous month). Agricultural lending increased by 3.1% to more than 68.5 billion drams. Loans to services sector dropped by 9.3% to 44.3 billion drams and loans to transport and communications sector slashed by 9.8% to about 34.4 billion drams. ($1 – 369.77 AMD). –0–

LOAN INVESTMENTS OF COMERICA BANKS IN RESIDENT ECONOMY

(mln. AMD)