YEREVAN, September 2. /ARKA/. Overdue loans at Armenia’s commercial banks totaled AMD 26.3 billion in late July after increasing by 2.5% over the month and made up 1.41% of their aggregate loan portfolio, National Statistical Service reports.
Short-term loans alone amounted to about AMD 22.8 billion and made up 86.9% of the aggregate loan portfolio.
Loans with extended terms grew by 0.9% in July, compared with June, and totaled about AMD 112.8 billion. Short-term loans alone were AMD 59.4 billion.
According to the statistical report, loan investments by the country’s banks fell by 0.35% in July, compared with June, to AMD 717.7 billion. Foreign currency loans amounted to AMD 1,060.6 million.
Total loan portfolio of Armenia’s commercial banks amounted to about AMD 1,856.8 billion in July 2014. ($1 – AMD 411.26). —0—
