YEREVAN, April 3. /ARKA/. Loans extended by Armenian commercial banks for education totaled AMD 2.5 billion in late February 2012 – 18.4% less than the amount of late January 2012.
According to the information available on the central bank’s official website, the bulk of education loans extended in February were in foreign currencies (76.5%).
Loans extended for education in foreign currencies totaled AMD 1.9 billion in late February – 21.2% month-on-month decline.
In stead, consumer lending grew 5% over the month reaching AMD 234.1 billion in late February.
Twenty one commercial banks operated in Armenia in late February 2012. ($1 – AMD 391.47).-0-
