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Consumer lending in Armenia surges 3.1% to AMD 255 bln in May

YEREVAN, July 11. /ARKA/. Total lending to consumer sector of Armenia boosted by 3.1% to 255 billion drams in May, according to the data available on the Central Bank’s website.
Consumer lending made up 18.6% in the total lending provided by the commercial banks, down by 0.1 p.p. from a month earlier.

In total lending the share of loans in foreign currency fetched up 40 billion drams, and in drams- 215 billion.

Credit investments of the commercial banks totaled 1 372,4 billion drams in May, of them 63.9% are loans in foreign currency. ($1-417.71 drams).—0-

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