YEREVAN, May 25. /ARKA/. Foreign debt of Armenia’s commercial banks and credit organizations jumped by 1.6 % to $870.7 million in the first quarter of 2012 against $857.6 million from the fourth quarter, the Central bank of Armenia reports.
In the first quarter the commercial banks and credit organization attracted $467.8 million, and at the same time distributed $460 million for foreign debt payment.
According to the source, the main lender states for Armenian banks and credit organizations were Russia ( its share in the total debt is 12.2% against 15.7 from the previous quarter), Luxemburg – 11.3% against 11.9%, Germany- 7% versus 7.2%, Netherlands- 5.7% against 5.8% and France- 4.8% against 4.9%. Moreover, nearly 36.9% of credits were allocated by the international organizations in the first quarter.
The average weighted interest rate on attracted loans didn’t change within the reported period confirming 5.6%.
Loans with floating interest rates (LIBOR, EURIBOR, CB government bonds) with 4.5-year average maturity period made up 54.9% of the foreign loans.
At the same time the share of short-term loans dropped to 8.3% of all credits.—0–
