YEREVAN, April 5. /ARKA/. The Central Bank of Armenia said 23.2% of all outstanding loans provided by local commercial banks to residents went to industrial sector. According to a statement on the Central Bank’s official website, the lending to industry rose to 289.6 billion drams as of late February, which was by 5% more than in the previous month.
Some 22.7% of all loans were channeled into trade growing by 3.3% from the previous month to 284.1 billion drams at the end of February.
Consumer loans accounted for 18.7% of the combined outstanding credit portfolio of the banks or 234.1 billion drams, mortgage loans’ share was 8.8% or 110.3 billion drams, the share of lending provided to construction sector was 7.7% or 96.6 billion drams, agricultural lending accounted for 6.1% or 76.7 billion drams and loans provided to transport and communications made 3.3% or 42.3 billion drams ($1 – 391.32 drams). -0-
Some 23.2% of lending goes to industry: CENTRAL BANK
