YEREVAN, November 4. / ARKA /. Overdue loans in Armenian commercial banks as of late September 2015 rose against the backdrop of a decline in credit investments, according to the National Statistical Service (NSS).
According to NSS data, overdue loans in late September if compared to the previous month, increased by 3.7% to 44.37 billion drams. The extended loans also grew by 1.8% to 123.4 billion drams, the NSS said.
Meanwhile credit investments in September decreased by 1.4% from the previous month to 1.865.6 trillion drams.
According to statistics, credit investments decreased after January 2015 against the background of financial shocks triggered by the sharp devaluation of the dram and worsening economic situation in Russia, Armenia’s major trade partner. -0-
