YEREVAN, January 9. /ARKA/. Overdue loans of Armenian commercial banks surged by 3.3% in November compared to October, to 25.26 billion drams or 1.47% of total lending, ArmStat reported.
About 62.3% of this or about 15.7 billion drams were short-term loans.
Extended loans amounted to about 87.5 billion drams in the period, an increase of 1.4%, of which 76.2 billion drams were short-term loans.
According to statistical data, loan investments of all banks amounted to about 1,601.7 billion drams in November, an increase of 1.13% compared to October. Of that amount about 1,002.9 million drams were loans in foreign currency.
As of November 2013, aggregate loans of Armenia’s commercial banks were about 1,714.5 billion drams. ($1=405.95drams). –0–
