YEREVAN, March 12. /ARKA/. Overdue loan investments of the Armenian banks shot up 24.2% to 10.7 billion drams late January 2013 compared with a month earlier, the Central Bank of Armenia said in its monthly news bulletin.
It said the share of overdue loan investments in total credit investments accounted for 0.7% in the reported month.
Short-term overdue loan investments stood at over 10.5 billion drams in January versus 8.4 billion drams in December , and long-term ones hit 201 million drams against 177 million.
Time loan investments rose by 0.71% to 1538,7 billion drams, or 96.1% of all credit investments.
Prolonged loan investments downed by 3.8% to about 52.2 billion drams, making up 3.3% of all credit investments.
The combined loan investments of Armenian commercial banks stood at nearly 1601,7 billion drams late January versus 1590,8 billion drams in December. Short-term lending accounted for 25.9% and long-term lending for 74.1%.($1 – 410.71 drams).—0-
