YEREVAN, November 7. / ARKA /. In late September Armenian commercial banks’ overdue loans were 0.83 percent down from the previous month standing at 27.69 billion drams, making 1.46% of total loans, according to the latest numbers, released today by the National Statistical Service (NSS).
Some 84.3% of overdue loans or about 23.35 billion drams were short-term loans.
At the same time, extended loans in the reporting period of time amounted to about 120.79 billion drams, having increased by 4.3%. Of that amount about 42.8 billion drams were short term loans, according to the NSS.
Credit investments of the banks as of late September were said to have amounted to about 1.8 trillion drams, a 0.5% increase from the previous month. Some 1.081 4 trillion drams were loans in foreign currencies.
As of September 2014 the total loans of Armenian banks stood at about 1.896 trillion drams. ($ 1 – 413.94 drams). -0-
