YEREVAN, April 13. / ARKA /. As of late February 2013 the amount of mortgage loans issued by Armenian commercial banks rose to about 127.6 billion drams, increasing by 0.7 percent from January, according to the monthly bulletin of the Central Bank of Armenia for February 2013.
The mortgage loans issued in Armenian drams totaled 63.1 billion drams, a 0.9 percent decrease form January, loans in foreign currency grew by 2.3 percent to 64.4 billion drams.
The share of mortgage loans in the total outstanding loan portfolio of all 21 commercial banks in the reporting period amounted to 7.8%.
The total amount of outstanding loans as of late February amounted to 1639.9 trillion drams, an increase of 2.3% from January. ($ 1 – 417.65 drams). -0-
