YEREVAN, September 13. /ARKA/. Interbank loans, including repo transactions, amounted to over 44.3 billion drams as of the end of July 2013, a reduction of 27.2% compared to June, says monthly information bulletin of the Central Bank of Armenia for July 2013.
Most of interbank lending, about 95.9%, is in foreign currency. Loans in foreign currency dropped by 8.2% in the reporting period and amounted to a total of over 42.5 billion drams as of the end of July.
Interbank loans in drams reduced by 87.5% to about 1.8 billion drams in July compared to June.
There were 21 commercial banks registered in Armenia as of July 2013. ($1=409.28drams).–0—
