YEREVAN, October 6. / ARKA /. Armenian commercial banks’ overdue loans in late August 2014 increased by 6.3% from the previous month to 27.9 billion drams.
They constituted 1.48% of total loans, according to the latest figures, released today by the National Statistical Service (NSS). Around 86.3% of overdue loans or about 24.12 billion drams were short-term loans.
Extended bank loans during the reporting period amounted to about 115.8 billion drams, having increased by 2.7%. Of this amount 60.4 billion drams were short-term loans, the NSS said.
Credit investments of the banks stood at 1.739 trillion drams, an increase of 1.25% from the previous month. The equivalent of about 1.084.2 trillion drams of credit investments were foreign currency loans.
As of August 2014 total loans of Armenian commercial banks amounted to about 1.883 trillion drams. ($1 – 407.88 drams). -0-
