YEREVAN, December 3. /ARKA/. Overdue loans of Armenian commercial banks fell by 6.3% in October compared to September, to 24.4 billion drams or 1.44% of total lending, ArmStat reported.
About 96.7% of this or about 23.6 billion drams were short-term loans.
Extended loans amounted to 86.2 billion drams in the period, a reduction of 4.3%, of which 75.6 billion drams were short-term loans.
According to statistical data, loan investments of all banks amounted to over 1,583.8 billion drams in October, an increase of 0.3% over the month. Of that amount about 990.5 million drams were loans in foreign currency.
As of October, aggregate loans of Armenia’s commercial banks were about 1,694.5 billion drams. ($1=403.91drams). –0–
