YEREVAN, July 11. /ARKA/. Loan investments by Armenia’s credit organizations rose to 150.1 billion drams (without accrued interest) by the end of May, an increase of 1.3% compared to April, according to the monthly news report of the Central Bank.
Loans to Armenian residents amounted to about 150 billion drams as of May.
Lending to households climbed by 1.9% to 114.2 billion drams as of May compared to April. It is said to account for 76.1% in total lending. Loans in AMD to households stood at 80.9 billion, and in foreign currency –33.3 billion drams.
Lending to enterprises was nearly 33.25 billion drams as of the end of May, against 33.5 billion drams in April (0.8% down). It is said to account for 22.15% in total lending. Loans in AMD valued at 13.15 billion drams whereas those in foreign currency –12.3 billion drams.
As of 31 May 2014 there were 33 credit organizations in Armenia. ($1 – 407.52 drams). –0–
