YEREVAN, October 2. /ARKA/. Overdue loans of Armenian commercial banks surged by 1.49% in August compared to July, to 23.6 billion drams or 1.41% of total lending, ArmStat reported.
About 97.8% of this or about 23.1 billion drams were short-term loans.
Extended loans amounted to 81.3 billion drams in the period, a reduction of 1.2%, of which 68.2 billion drams were short-term loans.
According to statistical data, loan investments of all banks amounted to over 1,569.7 billion drams in August, a reduction of 0.4% compared to July. Of that amount about 990.8 million drams were loans in foreign currency.
As of August, aggregate loans of Armenia’s commercial banks were about 1,674.7 billion drams. ($1=405.34drams). -0-
