YEREVAN, November 1. /ARKA/. Overdue loans of Armenian commercial banks surged by 10.4% in September compared to August, to 26 billion drams or 1.54% of total lending, ArmStat reported.
About 97.5% of this or about 25.4 billion drams were short-term loans.
Extended loans amounted to about 90.2 billion drams in the period, an increase of 10.8%, of which 79.3 billion drams were short-term loans.
According to statistical data, loan investments of all banks amounted to over 1,579.5 billion drams in September, an increase of 0.6% compared to August. Of that, about 996 million drams were loans in foreign currency.
As of September, aggregate loans of Armenia’s commercial banks were about 1,695.7 billion drams. ($1=405.03drams). –0–
