YEREVAN, May 16. /ARKA/. Armenian commercial banks’ lending to residents grew 2.8% in March, compared with February to AMD 1316.8 billion, while lending to nonresidents contracted 8.9% to AMD 37.2 billion.
According to the information available on the central bank’s official website, loans extended to residents in Armenian drams totaled AMD 497.3 billion in late March after growing 2.2% over the month, and those extended in foreign currencies grew 3.2% to more than AMD 819.4 billion.
Dram loans to nonresidents grew 11.7% to about AMD 9.8 billion, while loans in foreign currencies shrank 7.9% to AMD 27.4 billion. ($1 – AMD 395.85). -0–
