Consumer loans rise in July by 1.6 percent to 264.6 billion drams

Banks

YEREVAN, September 28. / ARKA /. The total amount of outstanding consumer loans in July increased by 1.6% to 264.6 billion drams, the Central Bank of Armenia said in a statement posted on its official website.

It says the share of consumer loans in the total credit portfolio of commercial banks in July rose to  18.8%, up 0.4 percentage points compared with the same period of the previous month. Foreign currency loans in the total amount of consumer loans amounted to about 44.5 billion drams, while loans in the national currency, the dram, to more than 220.1 billion drams.

The total amount of outstanding loan portfolio of all banks in late July stood at 1. 410.4 trillion drams, of which 64.3% were foreign currency loans. ($ 1-405,39 drams).  -0-

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