YEREVAN, May 5. /ARKA/. Armenian banks’ overdue loans increased by 0.3% in March 2016 from the previous month to 45.5 billion drams, the National Statistical Service (NSS) said today.
According to NSS data, the share of short- term overdue loans decreased by 1.2% to 24.8 billion drams, while the share of long-term overdue loans increased by 2.1% to 20.7 billion drams. The extended loans grew by 0.2% to 114 billion drams.
The lending in March rose by 0.24% to 1.974.7 trillion drams, with loans in foreign currency decreasing by 0.32% to the equivalent of 1.316.5 trillion drams, while loans in Armenian drams grew by 1.4% to 658.5 billion.
At the end of March, Armenian banks’ total lending stood at 2.134.5 trillion drams, a 0.23% rise form the previous month.-0-
