YEREVAN, February 16. /ARKA/. Armenian commercial banks’ overdue loans were 2.8 percent up in December 2014 from the previous month, standing at 32.5 billion drams and accounting for 1.51% of all loans, the National Statistical Service (NSS) reported.
About 62.6% of overdue loans or about 20.4 billion drams were short-term loans.
At the same time, extended loans amounted to about 123.3 billion drams in the period, having increased by 9.1%. Of that amount about 53.1 billion drams were short term loans, according to the NSS.
Credit investments of the banks as of late December 2014 were said to have amounted to about 1,994.5 billion drams, a 6.6% increase from the previous month. Some 1,328.4 million drams were loans in foreign currencies.
As of December 2014, total loans of Armenian banks stood at about 2,150.3 billion drams, an increase of 6.7%. ($ 1 – 478.91 drams). –0–
