YEREVAN, January 25. /ARKA/. Some 23.4% of all loans provided by Armenian banks to resident customers in 2011 (over 272 billion drams) went to finance trade transactions, according to a statement, posted on the official website of the Central Bank. The figure represents a 4.5% increase from 2010 November.
The second largest portion of lending – 23.3%- went to the industrial sector. In terms of money it amounted to 271 billion drams.
About 18% were allocated as consumer credits (over 206 billion drams), some 9.3% or 108 billion drams were mortgage loans, 7.8% or about 91 billion drams were channeled into the construction sector, 5.9% or 69 billion went to agriculture and 4.7% or 54.3 billion drams were provided to transport and communications sector. ($1 – 387.69 drams). -0-
