YEREVAN, September 13. /ARKA/. Financial leasing by Armenia’s commercial banks reduced by 1.5% to 3.8 billion drams in July 2013, says the Central Bank of Armenia monthly bulletin for July 2013.
Factoring amounted to a total of 10.5 billion drams in July, a reduction of 0.3% from June; banking guarantees were 43.6 billion drams (6% increase), letters of credit were 10.3 billion drams (1.9% increase).
There were 21 commercial banks registered in Armenia as of July 2013. ($1=409.28drams).–0–
