YEREVAN, December 3. /ARKA/. Overdue loans at Armenia’s commercial banks shrank 28.3% in October 2015, compared with the previous month, to AMD 31.7 billion, the National Statistical Service of Armenia reports.
In the overdue loans, short-term delays reduced by 18% to AMD 23.2 billion and long-term delays by 4646.5% to AMD 8.6 billion.
The total amount of loans with extended terms reduced 6.5% to AMD 115.4 billion.
Credit investments totaled AMD 1 889.9 billion in late October after growing 1.3% over the month.
Loans extended in foreign currencies contacted by 0.13% to AMD 1 224.2 billion, while dram loans grew 4% to AMD 665.7 billion.
Overdue loans were growing throughout several months this year mainly because solvent demand in the country fell due to tremendous decline in money transfers and trade. —0—
