YEREVAN, March 13. / ARKA /. Mortgage loans provided by Armenian commercial banks fell by 0.7 percent in January 2014 when compared to 2013 December to over 142.1 billion drams, according to the monthly bulletin of the Central Bank of Armenia for January 2014.
According to the official data, of that amount 66.8 billion drams were loans in the national currency, by 1.2 % less than in December, while loans in foreign currency declined by 0.3 percent to the equivalent of 75.3 billion drams.
Mortgage loans made 8.1 percent of the banks’ total lending that stood at 1.748.3 trillion drams in late January, falling by 0.8% from December. ($ 1 – 414.94 drams). -0 –
