YEREVAN, November 30. /ARKA/. Lending to Armenia’s resident economy by the commercial banks rose 0.2% in October from September to over 1 449 billion drams as of 30 October, according to the data published on Central Bank’s website.
AMD credits climbed 0.9% to over 517.4 billion drams in October from September. At the same time, the loans in foreign currencies tumbled 0.1% to over 932.2 billion drams.
According to the source, lending to industry had the highest share (24.5%) in the total lending of the commercial banks. A total of 355.8 billion drams in loans was allocated to that sphere ( 0.6% growth from September).
Lending to the commercial sphere made up 21.9% (317.8 billion drams), which is 1.3% lower from a month earlier.
Consumer lending made up 19.2%, which is 2% higher in October from September. Consumer loans to Armenia’s resident economy totaled nearly 277.6 billion drams at the end of October.
As of 30 October 2012, there are 21 commercial banks in Armenia. ($1 – 405.19 drams).—0-
