YEREVAN, June 3./ARKA/. Overdue loans of Armenian commercial banks surged by 31.2% in April compared to March, to 17 billion drams or 1.04% of the total loans, according to the latest numbers released today by the National Statistical Service.
About 98.3% or 16.8 billion drams were short-term overdue loans. The extended loans amounted to 59 billion drams, having increased by 1.16%, of which 51 billion drams were short-term.
According to statistical data, the outstanding credit investments of all banks in late April of this year amounted to over 1. 567.8 trillion drams, an increase of 0.34% from March. Of that amount about 992.2 million drams were loans in foreign currency.
As of April 2013, the aggregate loans of the Armenian banks valued at 1. 643.9 trillion drams. ($ 1 – 417.19 drams).—0-
