YEREVAN, April 7. / ARKA /. Armenian commercial banks’ overdue loans in February 2015 increased by 4.7% from the previous month to 37.5 billion drams making 1.8% of their total lending, according to the numbers, released today by the National Statistical Service (NSS).
NSS said about 67.9% of that amount or 25.5 billion drams were short-term loans, which increased by 6.3% in one month.
At the same time, extended loans during the reporting period increased by 3.3% to approximately 129.5 billion drams, including 53.1 billion drams worth short-term loans.
According to statistics, credit investments of the banks in February were 1.2% down from January standing at 1.916.7 trillion drams. Of that amount the equivalent of 1.272 trillion drams were foreign currency loans.
As of February 2015 the total lending portfolio of 21 Armenian banks stood at about 2.083.8 trillion drams, a decline of 0.8% from late January. ($ 1 – 474.15 drams).
